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Q9 9- Recovery of receivables are not always definite, sometimes debtors are unable to pay in time. Explain the concept of allowances for irrecoverable receivable

Q9
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9- Recovery of receivables are not always definite, sometimes debtors are unable to pay in time. Explain the concept of allowances for irrecoverable receivable and analyze the Philips allowances for receivables information given in annual report. [Marks (Words)

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