Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

what is the estimated bad debt expense using the percentage of credit sales method

Sagot :

blazetoxic123

Answer:

Percentage of sales method is an income statement approach for estimating bad debts expense. Under this method, bad debts expense is calculated as percentage of credit sales of the period. The percentage to be applied to credit sales is calculated on the basis of past experience and other factors such as change in credit policy.

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.