The trial balance before the settlements showed a balance of 65,000 riyals for debtors, and...

70.2K

Verified Solution

Question

Accounting

The trial balance before the settlements showed a balance of 65,000 riyals for debtors, and the bad debts at the inventory were 5500 riyals, so if you know that the facility is evaluating doubtful debts at 10% of the debtors balance, then the net realizable value as from the debtors balance is
a. 65,000 riyals
B. 59500 riyals
C. 58500 riyals
D: 53550 SR
I hope that the solution is detailed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students