Steve Smith is reviewing the results of the review of subsequent cash receipts. There are several receipts

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Steve Smith is reviewing the results of the review of subsequent cash receipts. There are several receipts listed from customers that were considered doubtful at the end of the year (30 June). Steve is also reviewing evidence that shows that another customer that had a large balance at year-end was unexpectedly declared bankrupt on 10 July.


Required

How should this information be reflected in the financial report?

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Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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