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need help with journal entries

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › need help with journal entries

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
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  • November 9, 2017 at 3:04 pm #415003
    adalda
    Member
    • Topics: 5
    • Replies: 5
    • ☆

    Flowing business transactions:
    A- if a business sells products for $ 190000 on credit.

    B- 25% of the balance is recived cash and 10% by cheque.

    C- 5% of the balance has become irrecoverable and written off.

    D- a provision of 5% is made for the remaining balance, in year one and 3% in year two where the balance remained unchanged.

    required to pass journal entries to accommodate the above transactions

    November 9, 2017 at 4:23 pm #415010
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    This is not an F1 question. Try the F3 forum.

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