Question: How far is it possible for an entity to build up hidden amounts of profit (known as secret reserves) by making some adjustments in the

How far is it possible for an entity to build up hidden amounts of profit (known as secret reserves) by making some adjustments in the profit and loss account for bad and doubtful debts?

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"It is possible for an entity to build up hidden amount of profit (known as secret reserves) by making some adjustments in the profit and loss account (Income Statement)." What do you think? Discuss

"It is possible for an entity to build up hidden amount of profit (known as secret reserves) by making some adjustments in the profit and loss account (Income Statement)."

"It is possible for an entity to build up hidden amount of profit (known as secret reserves) by making some adjustments in the profit and loss account (Income Statement)." What do you think?Discuss.

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