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The question stated that Opening (01/11/20×6) Allowance for receivables can belong on SOFP, whilst the Opening (01/11/20×6) Depreciation is not included.
1. For my understanding, both items are also Contra a/c but it is not ending balance so on they are both excluded in SOFP?
2. If the question stated the ending balance, both of them can belong on SOFP?Thank you sir, have a good day!
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