Which method of recording uncollectible accounts expense is consistent with accrual accounting? allowance or direct write off?

Question ajoutée par Mohammad Alkhateeb , Accountant , D'ARC
Date de publication: 2016/11/28

Apprécier (0) Vues (13) Suiveurs (1) Réponses (1) Report Question

Ajoutez Une Réponse
Inscrivez-vous ou connectez-vous pour répondre.

1 Réponses

par AHMAD OMAR CMA-CertIFR , Accounting Manager , NADIA BAKHURJI ARCHITECTS & INTERIOR DESIGN CONSULTANTS

Allowance for doubtful accounts - this method help the company to estimate the bad debt and apply the matching principle between bad debt expenses and related sale in the same period.

Apprécier (1)

Déprécier Réponses () Rapport

Recherches Populaires

Offres d'Emploi Ingénieur Offres d'Emploi Vendeur Offres d'Emploi Comptable Offres d'Emploi Technicien Offres d'Emploi Informaticien

Ecrivez Votre Réponse

More Questions Like This

Why does the equity method record dividends received from an investee as a reduction in the investment account, not as dividend income?
Top Answer: In reflecting the close relationship between the investor and investee, the equity method employs accrual ... Voir Plus

Réponses (3)
Proper authorization of write-offs of uncollectible accounts should be approved in which of the following departments?
Top Answer: The treasurer does not perform duties that are incompatible with authorizing write-offs since he/she is u ... Voir Plus

Réponses (1)
Suppose we have an invoice that is be paid by cheque , how is it recorded in accounting?
Top Answer: The Vendor A/C (Invoice) is debit and bank account is credit Voir Plus

Réponses (1)
A company began operations in January 2005 and uses the FIFO Process Costing method in its accounting system.
Top Answer: d) Same Greater number ... Voir Plus

Réponses (4)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?

Obtenir de l'aide

Produits Par Bayt.com

Utilisez l'Appli de Bayt.com

Communiquez avec les autres et partagez vos connaissances professionnelles

Which method of recording uncollectible accounts expense is consistent with accrual accounting? allowance or direct write off?

Recherches Populaires

More Questions Like This