Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Drama plc has a total balance on their receivables account at the year end of 54,500. After reviewing their customer accounts, Drama plc have decided

Drama plc has a total balance on their receivables account at the year end of 54,500. After reviewing their customer accounts, Drama plc have decided to do the following: make a 50% specific provision relating to a debt of 9,200 create a general receivables provision of 2% Drama plc have a receivables provision brought forward of 2,850. What will be the value of the general receivables provision? 906 What will be the irrecoverable debt expense on the P or L? 2660 (Enter the values with no E sign, comma or decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Simple Accounting

Authors: Gustav Muhsfeldt

1st Edition

B005MAAH4W

More Books

Students also viewed these Accounting questions