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Bad debts are put into an uncollectible receivables account journal. Companies then can use the write-off method or the allowance method to deal with these.
Bad debts are put into an uncollectible receivables account journal. Companies then can use the write-off method or the allowance method to deal with these. Both methods have their advantages and disadvantages. When a company chooses not to calculate this debt it is when manipulating net income comes into question. Would you agree with this
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
