How to calculate net realizable of accounts receivable, bad debt expense and allowance for doubtful

May 5th, 2015
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Understand how to calculate the net realizable value of accounts receivable, allowance for doubtful accounts, and bad debts expense. Know the effect of writing off an account on net income and cash flow.

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Question : Understand the net realizable value of accounts receivable. Understand how to calculate the net realizable value of accounts receivable, the allowance for doubtful accounts, and bad debts (uncollectible accounts) expense. Know the effect of writing off an account on net income and cash flow.Answer: Net realizable Value of Accounts Receivable: The balance sheet valuation standard applied to receivables. Equal to the gross amount of accounts and notes receivable, less an estimate of the portion

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