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ABC Limited has trade receivables at 3 0 September 2 0 1 9 of 2 7 5 , 0 0 0 . Of these trade

ABC Limited has trade receivables at 30 September 2019 of 275,000. Of these trade receivables, there is a known irrecoverable debt of 15,000. The directors also want to create an allowance for receivables of 5% of the remaining trade receivables. At 30 September 2018, the allowance for receivables was 17,000. What is the total charge to the statement of profit or loss for irrecoverable debts and the allowance for receivables for the year ended 30 September 2019?

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