Question: Music Ltd has a total balance on their receivables account at the year end of 57,200. After reviewing their customer accounts, Music Ltd have decided

Music Ltd has a total balance on their receivables account at the year end of 57,200. After reviewing their customer accounts, Music Ltd have decided to write off a debt amounting to 2,700 and create a general receivables provision of 4% of remaining receivables. There is no receivables provision brought forward. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L? (Select your answer in each dropdown menu) 2700 2288 4988 2180 0 2396 4880 Next nage Music Ltd has a total balance on their receivables account at the year end of 57,200. After reviewing their customer accounts, Music Ltd have decided to write off a debt amounting to 2,700 and create a general receivables provision of 4% of remaining receivables. There is no receivables provision brought forward. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L? (Select your answer in each dropdown menu) 2700 2288 4988 2180 0 2396 4880 Next page

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