Check out some similar questions!
Accounts receivable-aging method?
[ 1 Answers ]
I am an accountant and I have a little confusion aging method specially WHY THE EXISTING CREDIT BALANCE OF ALLOWANCE ACCOUNT should be deducted from the desired amount of the allowance? For example if the aging method results a bad bebt of $5000 and there was existing credit balance of $100 then,...
Under the aging-of-accounts-receivable method, the balance in
[ 3 Answers ]
A) Allowance for Uncollectible Accounts prior to adjustment is ignored. B) Accounts Receivable prior to adjustment must be considered. C) Allowance for Uncollectible Accounts prior to adjustment must be considered. D) Uncollectible-Account Expense prior to adjustment must be considered. I...
Accounts Receivable Aging Method
[ 2 Answers ]
Hello, My name is Karen an I am a graduate student for Master's of Social Administration, and I have a hard time grasping financial accounting I need help. My question is accounts receivable account that shows a debit balance of 104,000 at the end of the year. An aging analysis of individual...
Accounts receivable aging method
[ 2 Answers ]
Caplan Corporation uses the accounts receivable aging method to account for Uncollectible Accounts Expense. As of December 31, Caplan's accountant prepared the following data about ending receivables: $20,000 was not yet due (1 percent expected not to be collected), $10,000 was 1-60 days past due...
Accounts receivable aging method
[ 1 Answers ]
This I totally do not understand. I have to put this in a general journal but don't understand it. Caplan Corporation uses the accounts receivable aging method to account for Uncollectible Accounts Expense. As of December 31, Caplan's accountant prepared the following data about ending... View more questions Search
Add your answer here.
|