Trade Receivables Calculation in Financial Statements Assessment 1
Hi, if possible could someone please explain the trade receivables calculation in 1.2 of Sample Assessment 1 for financial statements. The answer is 12294 however Trade Receivables is 12447 - 47 allowance for doubtful debt + 130 prepayment for distribution costs = 12530? If someone could please explain where I am going wrong I would be very grateful.
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