business and finance question

timer Asked: Jun 24th, 2014
account_balance_wallet $5

Question Description

describe the various ways to record the disposition of accounts receivable. Which method do you think is best? Why?

Tutor Answer

School: Carnegie Mellon University

account receivable can be deposit within two techniques:

if your client pays upwards:

Dr Money xxx

Cr AR xxx

or even if your volume will be created down:

Dr Free pertaining to unlikely reports xxx

Cr AR xxx

Just how usually are debt paid for for just this strong write-off procedure? Consider some of the advantages and disadvantages with this procedure?

Underneath the strong write-off procedure, just how much not valuable will be taken up price;

Dr Bad debts price xxx

Cr AR xxx

A benefit will be in which not any appraisal becomes necessary. You only compose down any financial debt as soon as it's got turn out to be undesirable.

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