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1. Following balances are extracted from the trial balance for the year ended 31 December 2018. Dr. Cr. 500,000 Debtors Provision for impairment losses on
1. Following balances are extracted from the trial balance for the year ended 31 December 2018. Dr. Cr. 500,000 Debtors Provision for impairment losses on receivables 1st January 2018 10% p.a provision for impairment losses on receivables, needs to be adjusted. You are required to; Prepare the general Journal and relevant ledger accounts Relevant extracts from the financial statements 60,000
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