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提问人：网友wtt870830 发布时间：2022-01-07
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A business has an allowance for receivables in the...

A business has an allowance for receivables in the statement of financial position brought forward from the year ended 31 December 20X6 of $8,400.Total receivables outstanding at 31 December 20X7 are $210,000. Upon reviewing the balances, it is determined that an allowance should be made equivalent to 3% of the total balance. What is the increase/ decrease in allowance for receivables included in the statement of profit or loss for the year ended 31 December 20X7？Also indicate whether this is a debit or a credit balance.

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第6题
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第8题
Which of the following items will not appear in a receivables control account?

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第10题
What is the following statement is incorrect? The total balance of the purchase ledger control account will be higher than the purchases ledger if:

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B、The total column in the purchases day book has been overstated

C、The total column showing bank payment to credit suppliers has been understated

D、Goods returns have been entered twice in the purchase ledger but only once in the purchases ledger control account.

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