1.[單選題] At 31 December 20Y7 a company had trade receivables totalled $500,000 and an allowance for receivables of $60,000 had been brought forward from the year ended 31 December 20Y6.
It was decided to write off debts totalling $48,000 and to adjust the allowance for receivables to 10% of the receivables.
What charge for receivables expense should appear in the company's statement of profit or loss for the year ended 31 December 20Y7?
2.[單選題] At 1 May 20X4 the receivables allowance of Q was $15,000.
During the year ended 30 April 20X5 debts totalling $11,600 were written off. It was decided that the receivables allowance should be $14,000 as at 30 April 20X5.
What amount should appear in Q's statement of profit or loss for receivables expense for the year ended 30 April 20X5?