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At the year end 504,800 is due from customers and 27,400 is the allowances for receivables. A debt of 6,800 is to be written off
At the year end 504,800 is due from customers and 27,400 is the allowances for receivables. A debt of 6,800 is to be written off and the allowances for receivables adjusted to cover 5% of trade receivables outstanding. The net charge for receivables in the income statement for the year would be: The net charge for receivables in the income statement for the year would be in
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