Trade debts receivable as at 1 April 2010 were 382,400. During the year ended 31 March 2011,
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Trade debts receivable as at 1 April 2010 were £382,400. During the year ended 31 March 2011, sales and sales returns amounted to £859,600 and £18,400 respectively; while £659,800 was received from credit customers and £8,200 was written off as bad. An allowance for doubtful debts is maintained at 4% of debts outstanding. Calculate the expenditure written off in the year to 31 March 2011.
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a £8,200 b £6,928 c £15,128 d £22,224
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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