FAR210 The company’s aging analysis of receivables as at 31 December 2022 is as follows: Financial Accounting And Reporting Assignment, UiTM, Malaysia

University Universiti Teknologi MARA (UiTM)
Subject FAR210 financial accounting and reporting Assignment

3. The company’s aging analysis of receivables as at 31 December 2022 is as follows:

During the year, the company did not recognise a bad debt (to be written off) of RM12,550 incurred during the year due to omission error.

Required:
i. Determine the amount of impairment of trade receivables to be recognised in the Statement of Profit or Loss for the year ended 31 December 2022. (show all workings).
ii. Determine the net realisable value of trade receivables as at 31 December 2022.

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