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Drama plc has a total balance on their receivables account at the year end of 50,000. After reviewing their customer accounts, Drama plc have decided
Drama plc has a total balance on their receivables account at the year end of 50,000. After reviewing their customer accounts, Drama plc have decided to do the following: make a 50% specific provision relating to a debt of 8,200 create a general receivables provision of 2% Drama plc have a receivables provision brought forward of 2,000. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L? (Enter the values with no sign, comma or decimal places) Arts Co has a total balance on their receivables account at the year end of 40,300. After reviewing their customer accounts, Arts Co have decided to do the following: write off a debt amounting to 1,200 make a 100% specific provision relating to a debt of 6,100 create a general receivables provision of 3% Arts Co have a receivables provision brought forward of 2,500. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L? What will be the value of the receivables provision carried forward? What will be the value of net receivables shown on the statement of financial position? (Enter the values with no sign, comma or decimal places)
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