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POA Chapter 14: Trade Receivables

This class was created by Brainscape user hei chin low. Visit their profile to learn more about the creator.

By: hei chin low
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Decks in this class (6)

Introduction
Why would a business sell its goo...,
What is credit sales,
What risk does a business face wh...
4  cards
14.1 How are transactions relating to trade receivables recorded?
Where is the amount owed to a bus...,
What is the trade receivables acc...,
What is the credit period that bu...
3  cards
14.1.1 Recording credit sales of goods and services
What is the journal entry when a ...,
What is the journal entry when go...,
What is the journal entry when a ...
3  cards
14.1.2 Recording collections from debtors
What is the double entry when the...,
What is the double entry when a b...,
What is the double journal entry ...
5  cards
14.2.1 How is impairment loss on trade receivables accounted for?
What risk does a business which s...,
What is a credit risk,
What happens when a debtor fails ...
10  cards
14.2.2 Allowance for Impairment of Trade Receivables
What does allowance for impairmen...,
Why must the business adjust the ...,
What are the trade receivables re...
5  cards

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POA Chapter 14: Trade Receivables

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