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Businesses often create an allowance for doubtful debts. () Of which concept (or convention) is this an example? Explain your answer. (i) What is the

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Businesses often create an allowance for doubtful debts. () Of which concept (or convention) is this an example? Explain your answer. (i) What is the purpose of creating an allowance for doubtful debts? (ii) How might the amount of an allowance for doubtful debts be calculated

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