Explain why writing off a bad debt against the allowance account does not reduce the estimated realizable

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Explain why writing off a bad debt against the allowance account does not reduce the estimated realizable value of a company's accounts receivable.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Sep 21, 2024 05:19 AM

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Explain why writing off a bad debt against the allowance account does not reduce the estimated realizable value of a company's accounts receivable.
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Explain why writing off a bad debt against the allowance account does not reduce the estimated realizable

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Fundamental Accounting Principles

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