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If an entity is not able to recover its balances outstanding in respect of certain receivables refers: a. Receivable allowances Ob. Bankruptcy Oc. Receivables Od.

If an entity is not able to recover its balances outstanding in respect of certain receivables refers: a. Receivable allowances Ob. Bankruptcy Oc. Receivables Od. Irrecoverable receivables What is correct adjusting entry of prepayment? Debit-Prepayment, Credit-expense Ob. Debit-Expense, Credit-Cash Oc. Debit-Expense, Credit- Pre-paid expense Od. Debit- Pre-paid expense, Credit- Cash

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