which accounting concept can be used by some companies to justify the use of the direct write-off method?

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04-11-2022
Business

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which accounting concept can be used by some companies to justify the use of the direct write-off method?

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Yogeshkumari Yogeshkumari · Answer 1 · 2022-11-13T14:36:56-05:00

The accounting concept which can be used by some companies to justify the use of the direct write-off method is known as the materiality concept.

A corporation, abbreviated as co., is a legal entity representing an association of persons, whether entity, legal or a mixture of the two, with a particular objective. The members of the company share a common goal and together achieve the stated specific goals.

A society may be established as an agency that gives society limited liability when its members perform or fail to perform their obligations under a publicly disclosed constitution or policy. to be announced. Companies can associate and register together as new companies; The resulting entities are often referred to as corporate groups.

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