HOW TO CALCULATE DOUBTFUL DEBTS USING SIMPLIFIED MODEL FOR FREE - PART 1

U need the following for 1 April  2017 to 31 March 2018

TO CALCULATE THE ECL FOR 31 MARCH 2019

Credit sales for  year

A breakdown on how the credit sales for the year were collected, for example:

If credit sales were R100

U need to show CASH COLLECTED as follows:

0-30 days R30

Debtors @ end of 30 days R70

30-60 days R25

Debtors @ end of 60 days R45

60-90 days R10

Debtors @ end of 60 days R35

90-120 days R15

Debtors @ end of 90 days R20

>120 days R10

Debtors @ end of 365 days R10

OF THE R100 CREDIT SALES FOR 2018 - R10 WAS NOT COLLECTED