PrincessCuCu6368 PrincessCuCu6368
  • 06-06-2023
  • Business
contestada

The revenue of a company was N2 million and its receivables were 5% of turnover.
The company wishes to have an allowance for doubtful debts of 4% of receivables,
which would make the allowance 33% higher than the current allowance.
What figure would appear in the statement of profit or loss in respect of doubtful debts

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