A customer of company abc seems to be doubtful at balance, Ask an Expert

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A customer of company ABC seems to be doubtful at balance sheet date.therefore company made the provision for the customer at the rate 5%.after the balance sheet date.customer paid 80% of the total amount.

Required: Identify the type of event.

what will be the accounting treatement of this event?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M983142

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