business and finance question

Business & Finance
Tutor: None Selected Time limit: 1 Day

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

Jun 24th, 2014

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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Jun 24th, 2014

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Jun 24th, 2014
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