discuss the primary advantages

Jun 17th, 2015
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Ryerson University
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Discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing off accounts.

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Discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing off accounts. Even though the direct write-off method is not acceptable for generally accepted accounting principles (GAAP) reporting, take a position on whether or not estimating the allowance for doubtful accounts distorts gross income. Propose an alternative method to increase the accuracy of reporting. Explain your rationaleAdvantagesThe direct compose off system is straightforward, and can be utilized by people that keep up an organization's arrangement of books ye

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