Question: Q1 a) Explain the methods that can estimate bad debt expenses in business. (Give numerical examples) Q2. Differentiate between Accounts receivable and Notes receivable. Q3.

Q1 a) Explain the methods that can estimate bad debt expenses in business. (Give numerical examples)

Q2. Differentiate between Accounts receivable and Notes receivable.

Q3. . Distinguish between Current/Short term Liabilities and Non-current/Long term Liabilities. Illustrate your answer with journal entries as examples.

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