أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
<p><em><strong>After recording the estimate of uncollectible accounts expense for the current year, company decided to write off in the current year the $10,000 account of a customer who had filed for bankruptcy. What effect does this write-off have on the company’s current net income and total current assets, respectively?Net Income</strong></em></p> <p><em><strong>Net Income Total current assets</strong></em></p> <p><em><strong> a) Decrease Decrease</strong></em></p> <p><em><strong> b) No effect Decrease</strong></em></p> <p><em><strong> c) Decrease No effect</strong></em></p> <p> </p> <p><em><strong> d) No effect No effect</strong></em></p>
d) No effect on net income and no effect on total current assets.
The entry should be:
Allowance for Bad Debts xxx
Accounts Receivable xxxx
The answer is d) No effect on Net Income and No effect on Current Assets.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟