Quill & Pens Stationery Pty Ltd decides to write off a debt of $450 from...
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Accounting
Quill & Pens Stationery Pty Ltd decides to write off a debt of $450 from one customer. Quill & Pens Stationery Pty Ltd adopts the Allowance Method of writing off a bad debt. (Disregard GST) What would be the effect on the relevant accounts if the $450 write off was not recorded? Overstate Accounts receivable by $450 and overstate Allowance for Doubtful Debts by $450 Understate Accounts receivable by $450 and overstate Allowance for Doubtful Debts by $450 Overstate Accounts receivable by $450 and understate Allowance for Doubtful Debts by $450 Understate Accounts receivable by $450 and overstate Bad Debts by $450
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