Based on this information, generate the: Ageing schedule of receivables: a. Gross value of trade receivables. b.
Question:
Ageing schedule of receivables:
a. Gross value of trade receivables.
b. Allowance for doubtful debts.
c. Net value of the trade receivables.
Transcribed Image Text:
Age 0-30 31-60 61-120 121+ Total Amount (S) 350 000 120 000 40 000 15 000 525 000 Provision allowance 2% 590 20% 100% S 7000 6000 8000 15 000 36000 Net Receivables S489 000
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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