At 30 June 2016 Shifty Ltd Had a Balance of Accounts

question 28

Multiple Choice

At 30 June 2016 Shifty Ltd had a balance of Accounts receivable of $90 000 and an Allowance for doubtful debts of $4000.It was decided to write off the debt of Wriggler,totalling $2500,as irrecoverable.It was further decided that the Allowance for doubtful debts should stand at 5 per cent of Accounts receivable.What was the journal entry needed to write off the debt of Wriggler as irrecoverable?

Examine the role of social policies and attitudes in perpetuating or challenging social inequalities.

Understand the significance of ascribed and achieved status in determining one’s position within social stratification.

Identify examples of social inequality and stratification in everyday life and societal structures.

Understand the concept of product liability and the conditions under which a person can claim a defective product.