QUESTION 3 AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31 December. The following balances of debtors are: Debtors RM December 31, 2018 December 31, 2019...

Bad Debts and Provision for doubtful debt

Extracted text: QUESTION 3 AA Sdn Bhd provides for doubtful debts at 3% of outstanding debtors at his year end of 31 December. The following balances of debtors are: Debtors RM December 31, 2018 December 31, 2019 December 31, 2020 18,700 21,400 19,600 The following bad debts had been written off: Date written off RM December 31, 2018 December 31, 2019 December 31, 2020 169 143 66 Required: (a) Prepare for each of the years ended 31 December 2018, 31 December 2019 and 31 December 2020 the: (i) Bad Debts Account (ii) Allowance for Doubtful Debts Account (b) Prepare the statement of financial position extracts for each of the years at 31 December 2018, 2019 and 2020.