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QUESTION 16 The trial balance of Rose plc as at 30 November 2023 includes the following: Trade receivables Allowance for receivables at 1 December 2022
QUESTION 16 The trial balance of Rose plc as at 30 November 2023 includes the following: Trade receivables Allowance for receivables at 1 December 2022 Debit 225,000 A review of the receivables ledger reveals the following: Debts totalling 8,500 are considered irrecoverable and are to be written off. Rose plc wishes to increase the allowance for receivables to 16,750. Credit 10,500 What is the irrecoverable debt charge or credit to be included in the statement of profit or loss for the year ended 30 November 2023? O A. 8,500 B.25,250 OC.16,750 O D.14,750
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Introduction To Management Accounting Chapters 1 To 17
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Dave Burgstahler, Jeff Schatzberg
15th Edition
