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receivables and irrecoverable debt

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › receivables and irrecoverable debt

  • This topic has 0 replies, 1 voice, and was last updated 2 months ago by lulznas.
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  • January 19, 2023 at 3:09 pm #677042
    lulznas
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    h co had receivables of $3000 at 30 June 2011. at that date she wrote off a debt from Ms. G of $200. during the year H co made credit sales of $15000 and received cash from customers of $10000. she also received the $200 from MS. G that had already been written off in the year to 30 June 2011. what is the final balance on the receivables account at 30 June 2011 and 2012?

    my working: 3000 + 15000 – 10000 = $8000
    the 200 was received so we don’t have to consider it right?

    but it says 8000 is wrong and also there is a question on the receivables account for 2012 but no information on that year in the question?

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