Prepare and extract of both p & l account

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Reference no: EM132985766

Question: The balances from the Trial balance of Gibs ltd show that the company had sundry Debtors amounting to Ksh.300,000 as at 31 Dec 2020. Bad debts are provided at 10% and provision for doubtful debts at 10%. Ksh, 5000 (bad debt)previously written off was recovered in year 2020.

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Prepare and extract of both P&L account and Balance sheet as at 31 Dec 2020

Reference no: EM132985766

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