During the 12 - month reporting period ended 31 December 20X8 Keele decreased its allowance for receivables
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Question:
During the 12 - month reporting period ended 31 December 20X8 Keele decreased its allowance for receivables by E600. An irrecoverable debt written off in the previous reporting period amounting to E300 was recovered in 20x8. If the profit for the reporting period after accounting for the above items is E5, 000, what was it before accounting for them?
Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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