Prepare a schedule of cash receipts covering the fourth quarter. 10 % will never be collected. How do I include this in my schedule?
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Prepare a schedule of cash receipts covering the fourth quarter. 10 % will never be collected. How do I include this in my schedule?
You don't include it. You're making a schedule of cash receipts. If it's never collected, then it's never received, so how could it be part of cash receipts?
You can include it in any calculations you choose to include, but it's not part of the statement itself.
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