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The following statements relate to the receivables ledger control account: (1) Trade discounts will...

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Accounting

The following statements relate to the receivables ledger control account:
(1) Trade discounts will have no impact on amounts recorded in the receivables ledger control account
The allowance for irrecoverable debts is recorded in the receivables ledger control account
Which of the above statements are correct?
a.1 only
I : Nether 1 nor 2
Ic 2 only
1d. Eoth 1 and 2
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