A business provided the following information regarding its first year of trading.
The net trade receivables recorded in the statement of financial position at the end of the year were $\$ 16660$.
What was the balance on the provision for doubtful debts account at the end of the year?
$\$ 340$
2 )
$\$ 490$
3 )
$\$ 500$
4 )
$\$ 650$
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