How much is the increase in the provision for doubtful debts

Assignment Help Financial Accounting
Reference no: EM132944209

Question - Fatimah Enterprise makes a provision for doubtful debts equal to 5% of its trade receivables. At 30 June 2011, the provision for doubtful debts was RM850. At 30 June 2012, the trade receivables after provision for doubtful debts were RM17,100.

How much is the increase in the provision for doubtful debts for the year ended 30 June 2012?

a. RM850

b. RM900

c. RM45

d. RM50

Reference no: EM132944209

Questions Cloud

Explain the benefits of free services : Explain the benefits of free services on the internet as well as the problems that accompany the same.
Where can see a list of all the transactions : Where can you see a list of all the transactions that have been matched or added to a bank register via the bank feed in QuickBooks Online?
By how much did net income increase due to the liquidation : The disclosure note indicates an inventory liquidation during 2021, 2020, and 2019. By how much did net income in 2021 increase due to the liquidation
Study of delay factors in construction projects : Paper on Study Of Delay Factors In Construction Projects For Cost Overrun
How much is the increase in the provision for doubtful debts : At 30 June 2011, the provision for doubtful debts was RM850. How much is the increase in the provision for doubtful debts
Calculate wal-mart roe directly : Comparing with the data for Costco in problem 18, use the DuPont Identity to understand the difference between the two firms' ROEs.
What is the present value of the project after-tax cash flow : What is the present value of the project's after-tax cash flows from operations (excluding the present value of the CCA tax shields) over the project's life?
Ethical views of immanuel kant : Explain the difference between the ethical views of Immanuel Kant and those of John Stuart Mills.
Find which is a false statement about depreciation : Which is a false statement about depreciation? After preparing a bank reconciliation, which journal entries are necessary to record?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd