At 30 September 20x6, Zenden Limited had an allowance for receivables of $37,000. During the year ended 30 September 20x7 the company wrote off debts totally $18,000, and at the end of the year it is decided that the allowace should be $20,000.
What should be included in the profit and loss account for bad and doubtful debts for the year ended 30 September 20x7?
a. $17,000 Cr
b. $38,000 Dr
c. $1,000 Cr
d. $1,000 Dr
Answer is : d.
please help me to find out how to get this answer
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