Question
which of the following is not a significant difference between a loans method and the direct write-off method of accounting for uncollectible accounts? B) one
which of the following is not a significant difference between a loans method and the direct write-off method of accounting for uncollectible accounts? B) one method conforms to gaap and the other does not. C) one method reports that realization realizable value on the balance sheet and the other does not D) one method requires writing off of uncollectible accounts and the other does not
QUESTION 2 Which of the following is not a significant difference between the allowance method and the direct write-off method of accounting for uncollectible accounts? a. One method requires the estimatiorof uncofect ounts and the other does not. b. One method conforms to GAAP and the other does not. C. One method reports net realizable value on the balance sheet and the other does not. d. One method requires writing off of uncollectible accounts and the other does not. 1 points
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Evaluating The Effectiveness On Internal Audit Departments
Authors: Dereje Ferede Asrat, Sewale Abate Ayalew
1st Edition
3659298387, 978-3659298387
