(a)[4]
For the year ended 31 December 2019, prepare the rent receivable account.
(b)[1]
State the section of the income statement for the year ended 31 December 2019 in which Daniel’s rent receivable should be shown.
(c)[1]
State the section of the statement of financial position at 31 December 2019 where the balance on the rent receivable account should be shown.
(d)[5]
Calculate whether the provision for doubtful debts at 31 December 2019 has increased or decreased.
(e)[2]
State two accounting concepts that are used when a provision for doubtful debts is made.
(f)[2]
State two factors a business might take into account when deciding the rate for provision for doubtful debts.