the two methods to estimate uncollectible accounts are a.percent of sales and analysis of receivables. b.percent of sales and direct write-off. c.direct write-off and analysis of receivables. d.percent of receivables and analysis of receivables.

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04-11-2022
Business

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the two methods to estimate uncollectible accounts are a.percent of sales and analysis of receivables. b.percent of sales and direct write-off. c.direct write-off and analysis of receivables. d.percent of receivables and analysis of receivables.

Sagot :

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SakshTiwari353 SakshTiwari353 · Answer 1 · 2022-11-09T06:52:54-05:00

The percentage of sales and analysis of receivables are the two techniques for estimating uncollectible accounts.

Which two estimation techniques are utilized for uncollectible accounts receivable?

Uncollectible accounts are accounted for using the Direct Write-off Method and the Allowance Method, respectively. § Loss is charged to Bad Debt Expense when it is judged that a certain account will not be recouped.

What are the two methods used to estimate accounts that are not collectible?

The accountant utilized sales or receivables itself as two bases for assessing uncollectible accounts.

What percentage of the accounts receivable balance is used to compute the estimation of uncollectible accounts?

The percentage-of-receivables approach, also known as the balance-sheet method, determines the projected net realizable value of accounts receivable in order to estimate uncollectible accounts.

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Sagot :

Which two estimation techniques are utilized for uncollectible accounts receivable?

What are the two methods used to estimate accounts that are not collectible?

What percentage of the accounts receivable balance is used to compute the estimation of uncollectible accounts?

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