CIMA Fundamentals of financial accounting BA3 Question # 51 Topic 6 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 51 Topic 6 Discussion

BA3 Exam Topic 6 Question 51 Discussion:
Question #: 51
Topic #: 6

Refer to the Exhibit.

BA3 Question 51

Wilton Limited is preparing its year-end accounts and is calculating a revised allowance for receivables.

An aged receivables schedule shows the following position:

BA3 Question 51

Included in the 3 months plus debt is an amount of $2,300 for a customer that has recently gone into liquidation. The current allowance for receivables is $4,200.

The charge to the income statement for the period and the net receivables figure on the statement of financial position will be:


A.

A


B.

B


C.

C


D.

D


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