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Pre-adjustment trial balance as at 28 feb 20.8 Credit losses R4500 (Dr)
Additional information
1. John Winter's account of R1000 must be written off as irrecoverable.
2. Busy traders determined on 28 february 20.8 that the allowances for credit losses should amount to R2500
Question 1: The amount for the credit losses in the statement of profit or loss and other comprehensive income for the year ended 28 february 20.8 will be:
Option 1. R4500
Option 2. R5500
Option 3. R3050
Option 4. R2500
Option 5. R4950
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