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Monstrous enterprises ltd has the following data on its balance sheet as at the 31st december 2021, trade receivables 176000. The amount is net of

Monstrous enterprises ltd has the following data on its balance sheet as at the 31st december 2021, trade receivables 176000. The amount is net of allowance for receivables with amounted to $4000. The directors and management decided that the allowance for receivables should be increased to $5400

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