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Question 2 ( 2 ) A company has been notified that a customer has gone into liquidation. The company had previously provided for this doubtful

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A company has been notified that a customer has gone into liquidation. The company had previously provided for this doubtful receivable. What is the correct double entry in the financial statements?

Debit

Credit

Allowance for receivables

Bad and doubtful debts expense

Cash

Receivables

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