1.[單選題] A company's allowance for receivables amounted to $18,000 at 30 June 20X4, which was five per cent of the receivables at that date.
At 30 June 20X5 receivables totalled $968,000. It was decided to write off $18,600 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.
How much should be the charge in the statement of profit or loss for the year ended 30 June 20X5 for receivables expense?
2.[單選題] At 1 July 20X8 a limited liability company had an allowance for receivables of $77,000. During the year ended 30 June 20X9 debts totalling $156,000 were written off. At 30 June 20X8 it was decided that a receivables allowance of $257,000 was required.
What figure should appear in the company's statement of profit or loss for the year ended 30 June 20X8 for receivables expense?