Girlpower Co Has the Following Balances in Its General Ledger

question 51

Multiple Choice

Girlpower Co has the following balances in its general ledger.
Accounts receivable $57 000
Less allowance for doubtful debts 3000
$54 000
If a debt for $900, previously provided for as doubtful, is written off as bad, what is the estimated net realisable value of accounts receivable after the write off?

• A) $54 000
• B) $54 900
• C) $53 100
• D) $56 100

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Definitions:

Sample Standard Deviation

A measure of the dispersion or spread of data points in a sample from its mean.

Hypotheses

Testable statements or predictions, often derived from a theoretical framework, that can be tested through empirical research.

Sample Mean

The average of a subset of a larger population, used to estimate the population mean.

Sample Data

Data collected or selected from a larger population, used in statistical analysis to make inferences about the population.