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In the trial balance of Abu Trading Irrecoverable debt $4000 Trade receivable $70000 Opening allowance for receivable $4000 As at the year end the allowance
In the trial balance of Abu Trading
Irrecoverable debt $4000
Trade receivable $70000
Opening allowance for receivable $4000
As at the year end the allowance for receivable required is to be adjusted to the equivalent of 5% of the receivable
What charge for receivables expense should appear in the company financial statement
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College Accounting A Practical Approach Chapters 1-15
Authors: Jeffrey Slater
7th Edition
0130954888, 978-0130954886
