Hi All, i'm desperately after a little bit of help please. After failing BA5 i've got a Kaplan revision giude, and need a few points clarified please (i can't ask my tutor, as she won't answer questions that aren't specific to their training material).
- Provision for doubtful debts has always been included within a T, P & L a/c within my study materinal - however, in the example in the Kaplan revision guide, it isn't? Only bad debt written off is featured on the T, P & L.
- Also, on the Balance Sheet for the Partnership a/c's, the 'Financed By' section is only made up the partner's current & capital accounts - nothing else - no mention of adding net profit or subtracting drawings - is that right?
If anybody could speare the time to reply and help me out a little, you'd honestly be my hero!
Thank you so much in advance.