At 1 July 2002 the doubtful debt allowance of Q was $18,000. During the year ended 30 June 2003 debts totalling $14,600 were written off. It was decided that the doubtful debt allowance should be $16,000 as at 30 June 2003. What amount should appear in Q’s income statement for bad and doubtful debts for the year ended 30 June 2003? A $12,600 B $16,600 C $48,600 D $30,600.
A |