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At 31 December 2022 a company's trade receivables totaled RM860,000 and the allowance for doubtful...

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Accounting

At 31 December 2022 a company's trade receivables totaled RM860,000 and the allowance for doubtful debts was RM40,000. It was decided the debts totaling Rm30,000 were to be written off. The allowance for receivable was to be adjusted to the equivalent of 5% of the new receivables. Prepare related ledgers.

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