Impact on income statement

Question

Oct 29, 2007, 10:55 AM

Vsf

New Member

Join Date: Oct 2007

Posts: 2

Impact on income statement

What is the entry to write off uncollectible accounts receivable at year end? Allowable being $4,800.00 but $1,200.00 will not be collected. What is the impact on the income statement?

Answer this Question Ask about Accounting

« Previous Thread | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Threads
Question	Asker	Forum	Answers	Last Post
income statement, owners equity statement and balance sheet	kristina123fit	Accounting	1	Sep 26, 2007 01:47 PM
Income Statement	lggkerry	Accounting	1	Jun 3, 2007 11:04 AM
Does the Income Summary Balance go to Income Statement	iris3411	Accounting	3	Apr 15, 2007 01:20 PM
Income Statement	Shawnie79	Accounting	1	Apr 3, 2007 11:42 PM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!