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please help A debtor who was declared insolvent paid R600 which represented 30% of the amount owed. The balance of her account was written as
please help
A debtor who was declared insolvent paid R600 which represented 30% of the amount owed. The balance of her account was written as irrecoverable. Which of the following statements is correct? A. The bad debts recovered account will increase by R600. B. The profit will decrease by R1 400 . C. The debtor's balance will decrease by R600 altogether. D. If the bank balance is favourable, the current assets and current liabilities will changeStep by Step Solution
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