= A company started the year with total receivables of 87,000 and an allowance for recoverable...

 

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= A company started the year with total receivables of £87,000 and an allowance for recoverable debts of £2,500. During the year, two specific debts were written off, one for £800 and the other for £550. A debt of £350 that had been written off as irrecoverable in the previous year was paid during the year. At the year end, total receivables were £90,000 and the allowance for irrecoverable debts was £2,300. What is the charge to the statement of profit or loss for the year in respect of irrecoverable debts? = A company started the year with total receivables of £87,000 and an allowance for recoverable debts of £2,500. During the year, two specific debts were written off, one for £800 and the other for £550. A debt of £350 that had been written off as irrecoverable in the previous year was paid during the year. At the year end, total receivables were £90,000 and the allowance for irrecoverable debts was £2,300. What is the charge to the statement of profit or loss for the year in respect of irrecoverable debts?

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