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Consider the following disclosure regarding an entity's reported receivables: Age (days) Gross Probable 0 - 30 20,000 20,000 31 60 50,000 50,000 61 90 25,000
Consider the following disclosure regarding an entity's reported receivables: Age (days) Gross Probable 0 - 30 20,000 20,000 31 60 50,000 50,000 61 90 25,000 24,500 500 91+ 5,000 4,000 1,000 Total 100,000 98,500 1,500 Required: Critically evaluate the doubtful debts policy of the above entity, suggesting any additional information you would take into consideration QURNE
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