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Calculate the net amount of trade receivables

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Reference no: EM131724869

Question - At the end of its financial year, Across Ltd has the following trade receivables:

Total trade receivables - £650,400

Bad debts included in the total - £22,200

Doubtful debts (percentage of debts not to be written off) - 2%

Allowances for receivables at the start of the year - $12,500

Required - Which of the following will represents the net amount of trade receivables to be shown in the statement of financial position at the end of the year?

A. £628,136

B. £615,636

C. £603,136

D. £627,692

Reference no: EM131724869

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