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AAA- AMERICAN ACCOUNTING ASSOCIATION
AAA- ASSOCIATION OF ACCOUNTING ADMINISTRATORS
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what are the purpose for the preparation of cost centre ?
Expand ----------GIDB
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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
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