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Cambridge IGCSE Accounting practice

What happens when a debt is classified as irrecoverable?

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Show answerIrrecoverable debts and provision for doubtful debts revisionRevise the key idea

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Irrecoverable debts and provision for doubtful debts

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What happens when a debt is classified as irrecoverable?.

  1. A.It is collected immediately
  2. B.It is written off the accounts
  3. C.It is transferred to another account
  4. D.It is reported as an asset

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