Accounts receivable at the end of the month is Tk 80,000. Bad debts are expected to be 5% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of Tk 1,000 before adjustment, what is the balance after adjustment?
Created: 2 months ago |
Updated: 1 week ago
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Please compute the ledger of allowance for bad debt.
Existing balance 1000 cr
Add: new (4000-1000) 3000 cr
Total 4000
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