If a bad debt is unexpectedly paid some years after it was written off, what would be
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If a bad debt is unexpectedly paid some years after it was written off, what would be the effect in the financial summaries for that year?
(a) Increase profit and decrease trade receivables balances
(b) Increase profit and increase the bank account
(c) Increase the trade receivables balances shown under current assets
(d) No effect
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Related Book For
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani
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