How far is it possible for an entity to build up hidden amounts of profit (known as

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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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Accounting for Non-Accounting Students

ISBN: 978-0273722977

8th Edition

Authors: John R. Dyson

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Question Posted: Aug 06, 2012 02:57 AM

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How far is it possible for an entity to build up hidden amounts of profit (known as

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1 Quite easy By taking a pessimistic view of whether particular debto...View the full answer

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