Aging Analysis: Customers A/C Rec Balance Not Yet Due
Aging Analysis: Customers A/C Rec Balance Not Yet Due
Question
Customers A/C Rec Balance Not yet Due
Aslam 60,000 30,000
Ahmed 85,000 35,000
Fasih 50,000 18,000
Farhan 72,000 30,000
TOTAL BALNCE 267,000 113,000
UNCOLLECTABLE RATE 2%
UNCOLLECTABLE AMOUNT 19,660 2,260
ENTRIES
BED DEBT EXPENSE 12,660
ALLOWANCE FOR BAD DEBT 12,660