11 What basis is used to determine an appropriate level of provision for bad and doubtful debts?...
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11 What basis is used to determine an appropriate level of provision for bad and doubtful debts?
It is important that as a non-accountant you should grasp the significance of this chapter. The decisions that your accountants will have taken in making a series of last minute adjustments to the financial accounts (particularly for stocks, depreciation, accruals and prepayment, and bad and doubtful debts) will have a significant effect on the amount of profit that the entity has earned during the year.
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