Question
ABC co. had actual write-offs of 1,400 during the year. After reviewing the accounts receivable listing its estimated that the total uncollectible balance is likely
ABC co. had actual write-offs of 1,400 during the year. After reviewing the accounts receivable listing its estimated that the total uncollectible balance is likely 4,000 as at December 31, 2020. In 2019 HPS deducted a reserve for bad debts of 1,500.
| Bad Debt Expense (Note 2) | 3,200 |
What is the adjust meant for Income statement?
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The Internal Auditors Guide To Risk Assessment
Authors: Rick A. Wright Jr.
2nd Edition
1634540158, 9781634540155
