Question
QUESTION 13 At 1 August 2021, the receivables allowance of HTC Ltd was 28,000. During the year ended 31 July 2022, debts totalling 49,500 were
QUESTION 13 At 1 August 2021, the receivables allowance of HTC Ltd was 28,000. During the year ended 31 July 2022, debts totalling 49,500 were written off. It was decided that the receivables allowance should be 29,500 as at 31 July 2022. What amount should appear in HTC Ltds Statement of profit or loss for irrecoverable debts expense for the year ended 31 July 2022?
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Accounting For Inventory
Authors: Steven M. Bragg
2nd Edition
1938910648, 9781938910647
