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Explain how you would treat each of the given below particulars in the books of accounts. Give reasons and state the relevant accounting principle(s): a)
Explain how you would treat each of the given below particulars in the books of accounts. Give reasons and state the relevant accounting principle(s): a) Although the sales have not yet actually taken place, some reliable customers of the company have placed several large orders that are likely to be extremely profitable. Give example b) Making provision for bad and doubtful debts in anticipation of certain debtors turning out to be bad in future Give example ((5*2=10 Marks )
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