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