Pharoah Ltd.'s allowance for expected credit losses was $76500 at the end of 2023 and $94500 at the end of 2022. For the year ended December 31, 2023, Pharoah reported a loss on impairment of $16200 in its income statement. What amount did Pharoah debit to allowance for expected credit losses during 2023 to write off actual bad debts?

 

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Ans To determine the amount Pharoah Ltd debited to the allowance for expected credit losses during 2... View the full answer