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Dear Ken,
Answer soultion for D13Q1 (D) states in one of its point that, as a substantive procedure for collecting sufficient & appotpriate audit evidence for release of allowance for receivables, Auditor may review if there are any “after date cash receipts” for slow moving/ old receivables.
Can you please explain to me what do they mean by “after date cash receipts”? Does it mean those receivables which were previously written off as bad/ irrecoverable debts or were considered to be as doubtful debts but were eventually paid by the Debtor?
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