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What is the net trade receivables total

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Question - A trader maintains allowances for trade receivables to cover 5% of his trade receivables. His year-end balances include the following:

 

£

Trade receivables

536,400

Bad debts to be written off

5,400

Allowances for trade receivables

29,320

The allowances for receivables should be maintained at the usual level. What is the net trade receivables total in the statement of financial position?

Reference no: EM131724832

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