How the information is presented on the financial statement, Accounting Basics

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How the information is presented on the financial statement

The bookkeeper of vitial inc has asked to assist him with preparation of financial information about the company's trade receivables for presentation in the statement of financial position at december 31 2015, the end of the company's fiscal year.

Trade receivable jan 2015 500,00

allowance for doubtful accounts jan 2015 25,00

1) Determine the balance of trade receivable ?

2) Vital estimate 6% wont be collected, prepare ournal entry /?

3) How the information is presented on the financial statement?

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Accounting Basics: How the information is presented on the financial statement

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Accounting Basics: How the information is presented on the financial statement

Reference No:- TGS0696545

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Change in the sound level in decibels

Q : Discuss the standard cost card for the meal

Q : How much interest expense should be accrued at december

Q : How executives-board members work together to share vision

Q : How the information is presented on the financial statement

Q : What would be the net amount of the liability

Q : The journal entries for the first coupon payment

Q : Equal payments at the end

Q : To which product heroin hydrolyzes first in vitro and vivo

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How the information is presented on the financial statement

Reference No:- TGS0696545

Recent Questions Asked Accounting Basics

Q : Change in the sound level in decibels

Q : Discuss the standard cost card for the meal

Q : How much interest expense should be accrued at december

Q : How executives-board members work together to share vision

Q : How the information is presented on the financial statement

Q : What would be the net amount of the liability

Q : The journal entries for the first coupon payment

Q : Equal payments at the end

Q : To which product heroin hydrolyzes first in vitro and vivo

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