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Which statement is incorrect? Select one: a. An outstanding debt may be turned over to a collection agency, O b. Bad debts are a cost
Which statement is incorrect? Select one: a. An outstanding debt may be turned over to a collection agency, O b. Bad debts are a cost of selling on credit C. Bad debts should be deducted as an expense in the same accounting period in which the credit sale is recognised. d. All the options are correct e. If a debtor fails to pay the receivable on its due date this means that the debt is bad
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