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Describe approproate actions and compute necessary working

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The company made a general bad debt provision of 4% on all its trade receivables. A customer, Imprest Sdn Bhd who owed the company RM75, 600 was declared a bankrupt after its financial year-end. This was communicated to Mercy Berhad on 20 April 2019.

Question 1: Describe the approproate actions, compute the necessary workings and show the necessary journal entries with their narations based on MFRS110 Events After Reporting Period.

Reference no: EM132499456

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