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Why do we need an estimate of Bad Debts? Why do we have a new account, called Allowance for Doubtful Accounts? What does this account

Why do we need an estimate of Bad Debts?

Why do we have a new account, called Allowance for Doubtful Accounts? What does this account represent?

How are the allowance method and the direct write

-

off method different?

Why isn't the Direct Write

-

Off method accepted under GAAP?

How can someone manipulate

(

cook

)

the books by providing a wrong estimate?

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