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Explain the following questions: 1.- Distinguish between the two bases that may be used in estimating uncollectible accounts. 2.- How are bad debts accounted for

Explain the following questions:

1.- Distinguish between the two bases that may be used in estimating uncollectible accounts.

2.- How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method?

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