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    (Indicate If Increase or Reduction) (Don't Use Negative Sign)

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    Sweets Cheap
    The document shows accounting entries for provisions for bad debts and discounts over three years from 2017 to 2019. It includes opening and closing balances for provisions accounts and adjustments made each year to the profit and loss account.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    (Indicate If Increase or Reduction) (Don't Use Negative Sign)

    Uploaded by

    Sweets Cheap
    10 views6 pages
    The document shows accounting entries for provisions for bad debts and discounts over three years from 2017 to 2019. It includes opening and closing balances for provisions accounts and adjustments made each year to the profit and loss account.

    Original Title

    9206 08InteractiveQ8 (1)

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    © © All Rights Reserved

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    The document shows accounting entries for provisions for bad debts and discounts over three years from 2017 to 2019. It includes opening and closing balances for provisions accounts and adjustments made each year to the profit and loss account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    10 views6 pages

    (Indicate If Increase or Reduction) (Don't Use Negative Sign)

    Uploaded by

    Sweets Cheap
    The document shows accounting entries for provisions for bad debts and discounts over three years from 2017 to 2019. It includes opening and closing balances for provisions accounts and adjustments made each year to the profit and loss account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 6

    2017 2018

    Debtors before provision


    bad debts Discount bad debts
    Provision @ start HAVE
    Provision @ end NEED
    Adjustment for P&L {don’t use negative sign}
    {indicate if increase or reduction}

    Realistic Debtors for the Balance Sheet


    2019
    Provision for Bad Debts Accou
    Discount bad debts Discount

    Provision for Discount Accoun

    Profit & Loss Account 2017

    Profit & Loss Account 2018

    Profit & Loss Account 2019


    n for Bad Debts Account

    on for Discount Account

    & Loss Account 2017

    & Loss Account 2018

    & Loss Account 2019


    2017 2018 2019
    Debtors bef 200000 180000 190000
    bad debts Discount bad debts Discount bad debts
    Provision @ s 21000 0 20000 9000 18000
    Provision @ 20000 9000 18000 8100 19000
    Adjustment 1000 9000 2000 900 1000
    red inc red red inc
    Debtors less provision 171000 153900
    Provision for Bad Debts Account
    Discount 31/12/17 P&L 1000 1/1/17 B/D 21000
    8100 31/12/17 c/d 20000
    8550 21000 21000
    450 31/12/18 P&L 2000 1/1/18 B/D 20000
    inc 31/12/18 c/d 18000
    162450 20000 20000
    1/1/19 B/d 18000
    31/12/19 c/d 19000 31/12/19 P&L 1000
    19000 19000
    1/1/10 B/d 19000
    Provision for Discount Account
    1/1/17 B/d 0
    31/12/17 c/d 9000 31/12/17 P&L 9000
    9000 9000
    31/12/18 P&L 900 1/1/18 B/d 9000
    31/12/18 c/d 8100
    9000 9000
    1/1/19 B/d 8100
    31/12/19 c/d 8550 31/12/19 P&L 450
    8550 8550
    1/1/10 B/d 8550
    Profit & Loss Account 2017
    31/12/17 Prov 9000 31/12/17 Prov 1000

    Profit & Loss Account 2018


    31/12/18 Prov 2000
    31/12/18 Prov 900

    Profit & Loss Account 2019


    31/12/19 Prov 1000
    31/12/19 Prov 450
    Debtors 200000 180000 190000
    BAD DEBTS 2007 2008 2009
    Have: Old 21000 20000 18000
    Need: New 20000 18000 19000
    -1000 -2000 1000

    DISCOUNT 2007 2008 2009


    Have: Old 0 9000 8100
    Need: New 9000 8100 8550
    9000 -900 450

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