Allowance – NBC Institute

FA – Nov 2023 – L1 – SA – Q4 – Recording Financial Transactions

Calculate net account receivables after allowances.

Question

What is the net account receivables after considering the general allowance at the current year-end?

A. N2,076,500
B. N2,137,500
C. N2,145,000
D. N2,189,500
E. N2,198,000

Answer

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Tags: Account Receivables, Allowance, Financial management
Level: Level 1

Topic: Recording Financial Transactions
Series: NOV 2023

FA – Nov 2023 – L1 – SA – Q3 – Accounting Concepts

Determine the allowance for doubtful debts based on company policy.

Question

What is the general allowance for doubtful debts in the statement of profit or loss at the current year-end, based on the company’s policy?

A. N52,000
B. N60,500
C. N105,000
D. N112,500
E. N173,500

Answer

Find Related Questions by Tags, levels, etc.

Tags: Allowance, Doubtful Debts, Financial Reporting
Level: Level 1

Topic: Accounting Concepts
Series: NOV 2023

FA – Nov 2023 – L1 – SA – Q4 – Recording Financial Transactions

Calculate net account receivables after allowances.

Question

What is the net account receivables after considering the general allowance at the current year-end?

A. N2,076,500
B. N2,137,500
C. N2,145,000
D. N2,189,500
E. N2,198,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Account Receivables, Allowance, Financial management
Level: Level 1

Topic: Recording Financial Transactions
Series: NOV 2023

FA – Nov 2023 – L1 – SA – Q3 – Accounting Concepts

Determine the allowance for doubtful debts based on company policy.

Question

What is the general allowance for doubtful debts in the statement of profit or loss at the current year-end, based on the company’s policy?

A. N52,000
B. N60,500
C. N105,000
D. N112,500
E. N173,500

Answer

Find Related Questions by Tags, levels, etc.

Tags: Allowance, Doubtful Debts, Financial Reporting
Level: Level 1

Topic: Accounting Concepts
Series: NOV 2023

Question Tag: Allowance

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FA – Nov 2023 – L1 – SA – Q4 – Recording Financial Transactions

Calculate net account receivables after allowances.

FA – Nov 2023 – L1 – SA – Q3 – Accounting Concepts

Determine the allowance for doubtful debts based on company policy.

FA – Nov 2023 – L1 – SA – Q4 – Recording Financial Transactions

Calculate net account receivables after allowances.

FA – Nov 2023 – L1 – SA – Q3 – Accounting Concepts

Determine the allowance for doubtful debts based on company policy.

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FA – Nov 2023 – L1 – SA – Q4 – Recording Financial Transactions

Calculate net account receivables after allowances.

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FA – Nov 2023 – L1 – SA – Q3 – Accounting Concepts

Determine the allowance for doubtful debts based on company policy.

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FA – Nov 2023 – L1 – SA – Q4 – Recording Financial Transactions

Calculate net account receivables after allowances.

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FA – Nov 2023 – L1 – SA – Q3 – Accounting Concepts

Determine the allowance for doubtful debts based on company policy.

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