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ABC are owed E3,850 by Mr Hope but have just discovered...

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Accounting

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ABC are owed E3,850 by Mr Hope but have just discovered that he has gone bankrupt. They now do not believe that they will recover the money and so will remove his debt from their receivables ledger. What type of item is this? Select one: A. Credit note B. Provision C. Irrecoverable debt D. Doubtful debt

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