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On 30 September 2016, the company has trade receivables totalled £420,000 and th...
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On 30 September 2016, the company has trade receivables totalled £420,000 and the provision for doubtful debts from last year totalled £50,000. The company decides to write off debts totalling £30,000 and to adjust the provision to £45,000.
What is the amount of bad debts expense that should appear in the company's statement of profit or loss for the year ended 30 September 2016?
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