=+5. On 13 January 2004 SHAKEY Limited, a customer of TRUE plc, went into receivership. There had
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=+5. On 13 January 2004 SHAKEY Limited, a customer of TRUE plc, went into receivership.
There had been no movement on this customer's account since the year end, at which time SHAKEY Limited owed €30,000 to TRUE plc. Unaware of the difficulties that SHAKEY Limited was facing, no provision had been made against this account nor did any reservation of title clauses*exist.
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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