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  3. 2. bad debt provision anna provided the following

2. Bad Debt Provision Anna provided the following age profile of her trade receivables at...

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Accounting

2. Bad Debt Provision Anna provided the following age profile of her trade receivables at 31 May 2021. The percentage of debtors proving to be bad has been gained from over 20 years of experience from her debtors. Time Outstanding Amounts owed 0-1 month 140,000 2,000 1-3 months 3-6 6 months 1 Over 1 year months 300 year 200 1300 Provision for doubtful 1% 3% 5% 20% 50% debts Calculate the amount of provision for doubtful debts at 31 May 2021. Prepare an extract from the statement of financial position at that date. [10] [2]

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