A trade receivable which owed Maulid Shamte Limited TZS 5,000,000 at the year-end (31.12.2019) was declared bankrupt
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A trade receivable which owed Maulid Shamte Limited TZS 5,000,000 at the year-end (31.12.2019) was declared bankrupt on 5 January 2020. Maulid Shamte Limited has no prospect of recovering any money from this bankrupt customer. REQUIRED: Show appropriate accounting treatment in the books of Maulid Shamte Ltd relating to the matter above.
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Related Book For 
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
