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Hi,
Is the answer to test question 2 correct for chapter 8 in F3? I can’t seem to get to it.
I got the answer to be A. $98.40 but the answers in the notes state B. $139.20.
The answer has used 2% x 173760 but I use 2% x 171720 after taking off the irrecoverable debt.
Thanks
The answer is correct.
The question says that the irrecoverable debts were written off during the year.
So the balance at the end of the year is already after removing the irrecoverable debts.
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