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Music Ltd has a total balance on their receivables account at the year end of 56,200. After reviewing their customer accounts, Music Ltd have decided
Music Ltd has a total balance on their receivables account at the year end of 56,200. After reviewing their customer accounts, Music Ltd have decided to write off a debt amounting to 2,600 and create a general receivables provision of 4% of remaining receivables. There is no receivables provision brought forward. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L ? (Select your answer in each dropdown menu) Music Ltd has a total balance on their receivables account at the year end of 56,200. After reviewing their customer accounts, Music Ltd have decided to write off a debt amounting to 2,600 and create a general receivables provision of 4% of remaining receivables. There is no receivables provision brought forward
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