CIMA BA3 Question Answer
Refer to the Exhibit.
At the beginning of the year, the balance on the allowances for receivables account was £5000, representing 2% of receivables. At the end of the year, receivables amounted to £150000, but it was decided that the provision should be increased to 3% of receivables.
Which of the following set of figures would result?
The answer is:
CIMA BA3 Summary
- Vendor: CIMA
- Product: BA3
- Update on: Jul 29, 2025
- Questions: 393
