At Grysore, no loss allowance (0) was recognised on a receivable of 96,000 from a distributor that was falling into arrears before the reporting date. Its liquidation, ordered in January, points to a recovery of 25 % (case data). What allowance should be recognised at the reporting date?
- Receivable from the customer
- 96,000
- Existing loss allowance
- 0
- Expected recovery rate
- 25 %