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1- Define a note receivable and give an example how interest is calculated on a short-term note receivable. 2-Explain what is meant by depreciation, Describe
1- Define a note receivable and give an example how interest is calculated on a short-term note receivable.
2-Explain what is meant by depreciation, Describe the methods of depreciation and give a numerical example for each method
3-How are the direct write-off method and the allowance method applied in accounting for uncollectible accounts receivables?Explain with examples
4-Explain how to calculate times interest earned and explain with an example how it is used to analyze a company
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