Based on this information, generate the: Ageing schedule of receivables: a. Gross value of trade receivables. b.

Question:

Based on this information, generate the:
Ageing schedule of receivables:

a. Gross value of trade receivables.
b. Allowance for doubtful debts.
c. Net value of the trade receivables.

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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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Question Posted: Mar 21, 2016 02:19 AM

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Based on this information, generate the: Ageing schedule of receivables: a. Gross value of trade receivables. b.

Question:

Age 0-30 31-60 61-120 121+ Total Amount (S) 350 000 120 000 40 000 15 000 525 000 Provision allowance 2% 590 20% 100% S 7000 6000 8000 15 000 36000 Net Receivables S489 000

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a Gross value of trade receivables 350 000 1...View the full answer

Accounting Business Reporting For Decision Making

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