The trial balance before the settlements showed a balance of 65,000 riyals for debtors, and...
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Accounting
The trial balance before the settlements showed a balance of 65,000 riyals for debtors, and the bad debts at the inventory were 5500 riyals, so if you know that the facility is evaluating doubtful debts at 10% of the debtors balance, then the net realizable value as from the debtors balance is
a. 65,000 riyals
B. 59500 riyals
C. 58500 riyals
D: 53550 SR
I hope that the solution is detailed
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