Gross accounts receivable is $20,000. allowance for doubtful accounts has a credit balance of $400. net credit sales for the year are $125,000. in the past, 2% of credit sales had proved uncollectible, and an aging of the receivables indicates $1,500 is doubtful. under the balance sheet approach, bad debts expense for the year is:
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The amount of Bad Debts written off will be Rs. 2500/-
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