Why do you think we reinstate the debt just to cancel it out again? Why don't we

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Why do you think we reinstate the debt just to cancel it out again? Why don't we simply debit the bank account and credit the bad debts recovered account?

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 28, 2024 03:30 AM

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Why do you think we reinstate the debt just to cancel it out again? Why don't we

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The reason for reinstating the debt in the ledger account of the debtor is ...View the full answer

Frank Woods Business Accounting Volume 1

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