A Sole Trader Has a Number of Debtors

question 14

Multiple Choice

A Sole Trader has a number of debtors.The total amount in the Sales Ledger at the end of the financial year is £5,600.However,it is discovered that one debtor who owes £400 has just been declared bankrupt.Past experience shows that approximately 2% of debts are never repaid,and therefore a provision equal to 2% of closing debtors is required.There is currently a provision of £80.Which of the following is the correct adjustment for the provision for bad debts?

• A) Make a new provision for bad debts at £112
• B) Increase the current provision by £24
• C) Make a new provision for bad debts at £104
• D) Increase the current provision by £32

Understand the concept of socioemotional competence and its significance in children's social interactions.

Analyze the role of social conventions and rules in children's behavior and development.

Explore the concept of effortful control and self-regulation in childhood.

Understand the factors contributing to and mechanisms for controlling aggression in children.

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Definitions:

Inflated Positive Expectations

An overly optimistic view or anticipation of outcomes that might not be realistic, often leading to disappointment.

Psychological Contract Breach

The perception that an employer has failed to fulfill one or more of the unwritten expectations of the employment relationship.

Organizational Changes

The processes through which a company or business alters its structures, strategies, operational methods, technologies, or organizational culture.

Incongruence

A state of discrepancy or lack of harmony between two or more elements, such as beliefs, behaviors, or attitudes.