Allowance for receivables
A provision for debts that may not be collected.
An estimate of receivables unlikely to be collected, deducted from trade receivables and charged to profit or loss.
Passende Übungsfragen
☝️ Single
Trade receivables at the year end are £80,000. Management estimates that 3% will not be collected. The allowance for receivables at the start of the year was £1,500. What is the charge to profit or loss for the year?
£1,500
£900
£3,900
£2,400
Musterantwort und Erklärung siehst du nach der kostenlosen Anmeldung im Trainer. Jetzt kostenlos anmelden