Provision for Doubtful Debts

FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts

Identifying how a decrease in provision for doubtful debts impacts the income statement and provision account.

Question

A decrease in provision for doubtful debts is ……………………. to the income statement and ……………………….. to the provision for doubtful debt account.

Answer

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Tags: Bad Debts, Income Statement, Provision for Doubtful Debts
Level: Level 1

Topic: Bad and Doubtful Debts
Series: MAY 2012

FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash

This question asks for the trade debtor's balance to be shown in the balance sheet after making a 5% provision for doubtful debts.

Question

What is the trade debtors’ balance to be shown in the balance sheet if 5% is the provision for doubtful debts?

Answer

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Tags: Provision for Doubtful Debts, Trade Debtors
Level: Level 1

Topic: Bases of Accounting: Accrual vs. Cash
Series: NOV 2011

FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash

This question asks for the amount to be credited to the Profit and Loss Account based on a revised provision for doubtful debts.

Question

Calculate the amount to be credited to the Profit and Loss Account if the current provision for doubtful debts is 5%.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Provision for Doubtful Debts, Trade Debtors
Level: Level 1

Topic: Bases of Accounting: Accrual vs. Cash
Series: NOV 2011

FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts

This question involves calculating the net trade receivables after applying provision for doubtful debts and discount.

Question

The trial balance of a business shows a trade receivables balance of N90,000. Provision for doubtful debts is 5% of total receivables, while provision for discount on receivables is 2%. The amount to show in the Financial Statements as net trade receivables would be:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Provision for Doubtful Debts, Trade receivables
Level: Level 1

Topic: Bad and Doubtful Debts
Series: MAY 2013

FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts

Identifying how a decrease in provision for doubtful debts impacts the income statement and provision account.

Question

A decrease in provision for doubtful debts is ……………………. to the income statement and ……………………….. to the provision for doubtful debt account.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bad Debts, Income Statement, Provision for Doubtful Debts
Level: Level 1

Topic: Bad and Doubtful Debts
Series: MAY 2012

FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash

This question asks for the trade debtor's balance to be shown in the balance sheet after making a 5% provision for doubtful debts.

Question

What is the trade debtors’ balance to be shown in the balance sheet if 5% is the provision for doubtful debts?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Provision for Doubtful Debts, Trade Debtors
Level: Level 1

Topic: Bases of Accounting: Accrual vs. Cash
Series: NOV 2011

FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash

This question asks for the amount to be credited to the Profit and Loss Account based on a revised provision for doubtful debts.

Question

Calculate the amount to be credited to the Profit and Loss Account if the current provision for doubtful debts is 5%.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Provision for Doubtful Debts, Trade Debtors
Level: Level 1

Topic: Bases of Accounting: Accrual vs. Cash
Series: NOV 2011

FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts

This question involves calculating the net trade receivables after applying provision for doubtful debts and discount.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Provision for Doubtful Debts, Trade receivables
Level: Level 1

Topic: Bad and Doubtful Debts
Series: MAY 2013

Question Tag: Provision for Doubtful Debts

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FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts

Identifying how a decrease in provision for doubtful debts impacts the income statement and provision account.

FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash

This question asks for the trade debtor's balance to be shown in the balance sheet after making a 5% provision for doubtful debts.

FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash

This question asks for the amount to be credited to the Profit and Loss Account based on a revised provision for doubtful debts.

FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts

This question involves calculating the net trade receivables after applying provision for doubtful debts and discount.

FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts

Identifying how a decrease in provision for doubtful debts impacts the income statement and provision account.

FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash

This question asks for the trade debtor's balance to be shown in the balance sheet after making a 5% provision for doubtful debts.

FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash

This question asks for the amount to be credited to the Profit and Loss Account based on a revised provision for doubtful debts.

FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts

This question involves calculating the net trade receivables after applying provision for doubtful debts and discount.

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Question Tag: Provision for Doubtful Debts

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FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts

Identifying how a decrease in provision for doubtful debts impacts the income statement and provision account.

You're reporting an error for "FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts"

FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash

This question asks for the trade debtor's balance to be shown in the balance sheet after making a 5% provision for doubtful debts.

You're reporting an error for "FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash"

FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash

This question asks for the amount to be credited to the Profit and Loss Account based on a revised provision for doubtful debts.

You're reporting an error for "FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash"

FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts

This question involves calculating the net trade receivables after applying provision for doubtful debts and discount.

You're reporting an error for "FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts"

FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts

Identifying how a decrease in provision for doubtful debts impacts the income statement and provision account.

You're reporting an error for "FA – May 2012 – L1 – SA – Q30 – Accounting Treatment for Bad and Doubtful Debts"

FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash

This question asks for the trade debtor's balance to be shown in the balance sheet after making a 5% provision for doubtful debts.

You're reporting an error for "FA – Nov 2011 – L1 – SA – Q16 – Bases of Accounting: Accrual vs. Cash"

FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash

This question asks for the amount to be credited to the Profit and Loss Account based on a revised provision for doubtful debts.

You're reporting an error for "FA – Nov 2011 – L1 – SA – Q15 – Bases of Accounting: Accrual vs. Cash"

FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts

This question involves calculating the net trade receivables after applying provision for doubtful debts and discount.

You're reporting an error for "FA – May 2013 – L1 – SA – Q22 – Accounting Treatment for Bad and Doubtful Debts"

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