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Journal entryIntermediatePublished

Question · Allowances and expense for the period

At year-end, Frêne SA estimates at 15,000 the additional allowance to be recognised on the receivable held from its subsidiary. Post the allowance entry (case convention, IAS 24 requires no entry).

Additional allowance on the receivable from the subsidiary
15,000
Your answer
  1. Line 1

    Account Bad debt expense

  2. Line 2

    Account Allowance for doubtful debts

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