On 31 July Joel Ltd was owed 68,000 by its customers. At the same date, its provision

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On 31 July Joel Ltd was owed £68,000 by its customers. At the same date, its provision for doubtful debts was £3,000. How will these balances appear in Joel Ltd’s statement of financial position as at 31 July?

(a) £65,000 current asset

(b) £71,000 current asset

(c) £68,000 current asset and £3,000 current liability

(d) £68,000 current asset and £3,000 current asset

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Financial Accounting

ISBN: 9781444170412

1st Edition

Authors: Bev Vickerstaff, Parminder Johal

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Question Posted: Jun 25, 2024 04:01 AM

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On 31 July Joel Ltd was owed 68,000 by its customers. At the same date, its provision

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Financial Accounting

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