At 30 September 2011 a company’s allowance for trade receivables amounted to $38,000,which was 5% of the receivables at that date.At 30 September 2012 receivables totalled $868,500. It was decided to write off $28,500 ofdebts as irrecoverable and to keep the allowance at 5%.What should be the total expense in profit or loss for the year ended 30 September 2012for irrecoverable debts?
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A $68,000 B $64,000 C $61,000 D $55,000
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