Nikki has trade receivables at 31 December 2019 of £552,000 after deducting a known irrecoverable debt of £23,000 and making an 8% allowance for receivables. What is the total value of Nikki's trade receivables before she created the 8% allowance for receivables and before she deducted the known irrecoverable debt?
A) £575,000
B) £600,000
C) £623,000
D) £625,000
Correct Answer:
Verified
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