Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 38 - No. 28)
A business has trade receivables of $100,000. It estimates a provision for doubtful debts of 5%. How much should it increase the provision to at the end of the following accounting year to maintain this level?
$5,000
$0
Unclear from the information provided
$10,000
Explanation
This question cannot be accurately answered, as the current balance is missing.
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