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hello Sir,
Included in trade receivables, which total $580,000, is a debt amounting to $45,000 from a customer which went into liquidation on 15 June 20X1. You have ascertained from the liquidator that your client is unlikely to receive a distribution. The statement of comprehensive income for the year shows a pre-tax profit of $100,000 but the directors are not prepared to provide for this debt
What will be the effect on audit opinion
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