by: Admin_LouisPosted on:

Determine the net realizable value of receivables at the end of the first year of trading.

At the end of the first year of trading, a trader’s receivables amounted to 5,000. This excludes 180 debts found to be irrecoverable. At the same date, it was estimated that 70 of the 5,000 would still turn out to be irrecoverable debts. Determine the net realizable value of receivables at the end of the first year of trading.
4750
4820
4930
5000

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