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a trade debt of $300 owing by John Blunt and included in receivables at 31 August 20X8 is to be written off as an irrecoverable debt.
The trade receivbales at 1 sept 20×7 is 7320
the trade receivables at 31 aug 20×8 is 9500
cash recieved is 96000sir my answer comes to 96000+9500+300 – 7320
but this is wrong and corrrect answer is 98180 but how???
It would help if you said what the question wanted!!
The sales for the year (which is what I assume is required) = 96,000 – 7,320 + 9,500.
(The irrecoverable debt is to be written off, but has not been written off so far and therefore does not affect the cash received.)I ask you for the last time – are you using a Revision Kit from one of the ACCA publishers?
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