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Let's take into account a fact where an X corporation estimates to generally be at the uncollectible charge of one% of the overall profits progress or declination. Assuming the overall profits of a financial year as $500,000 in which an amount of $100,000 was received by the Firm as the collection of payment from the industry coupled with an allowance for Uncertain accounts exhibiting it to be a zero equilibrium. The state of affairs will be represented which include
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