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Question 1 When organisations sell various goods to customers there is often some uncertainty about the ultimate collectabili

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1. No, sales revenue should not be reduced to take into account the probablity that a certain percenatge of the sales revenue will never be collected.
It is true that there is uncertainty that some amount of the sales value will not be collectible but the same is accounted for by creating an allowance called as Allowance of account receivable. So, sales revenue should not be reduced but rather allowance reserve should be created.
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