Suppose Mustafa Confectionery had beginning allowance of SAR (Saudi Arabia Riyal) 600,000. During the year, it wrote
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Suppose Mustafa Confectionery had beginning allowance of SAR (Saudi Arabia Riyal) 600,000. During the year, it wrote off SAR 200,000 of receivables. At the end of the year, an assessment of its receivables shows that credit quality has improved, and accordingly, the required ending balance for allowance for uncollectible account is SAR 300,000. What is the bad debt expense for the year?
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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