ACC 291 final exam

Feb 3rd, 2012
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Ashford University
Course: business studies
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DQ 1 How would you describe the entries to record the disposition of accounts receivables? What is their function? DQ 2 How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? DQ 3 Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?

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DQ 1 How would you describe the entries to record the disposition of accounts receivables? What is their function?The entries to record receivables, such as Accounts Receivables, Notes Receivables, Interest Receivables, income tax refundables, etc, are very diverse. They involve other accounts like Sales and Interest Revenue. Depending on how receivables are accrued, some accounts like Bad Debts Expense are used during journal entries as well. I did not know accounts receivables was used in depth this much until reading about them this week. It is much more to accounts receivables than just

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