Arts Co has a total balance on their receivables account at the year end of...
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Arts Co has a total balance on their receivables account at the year end of 40,500, After reviewing their customer accounts, Arts Co have decided to do the following: - write off a debt amounting to 1,400 - make a 100% specific provision relating to a debt of 6,300 - create a general receivables provision of 3% Arts Co have a receivables provision brought forward of 2,700. What will be the value of the general receivables provision? What will be the irrecoverable debt expense on the P or L ? What will be the value of the receivables provision carried forward? What will be the value of net receivables shown on the statement of financial position? f (Enter the volues with no Esign, comma or decimal places)
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