Roanne Company used the allowance method of accounting for uncollectible accounts.

During the current year, the entity had charged P800,000 to bad debt expense and wrote off accounts receivable P900,000 as uncollectible.

What was the decrease in working capital

Problem 2 Roan ne Company used the allowance method of accounting for uncollectible accounts. During the current year, the entity had charged P800,00EI to bad debt expense and wrote off accounts receivable P900300 as uncollectible. What was the decrease in working capital