Suppose that company ABC Ltd. has a doubtful debt provision of 2000 at 31/12/2019. During...
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Accounting
Suppose that company ABC Ltd. has a doubtful debt provision of 2000 at 31/12/2019. During 2020, a receivable for 1500 is written off as a bad debt and the provision for doubtful debt is increased to 3000 at 31/12/2020. What is the effect of these transactions on the profits for 2020?
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