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lopezap1
Jul 17, 2012, 03:50 PM
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 think its B

paraclete
Jul 17, 2012, 04:09 PM
What do you think about A

lopezap1
Jul 17, 2012, 04:13 PM
I thought any answer that says to ignore - would be wrong.

paraclete
Jul 17, 2012, 04:31 PM
Essentially they mean the same thing but the allowance for uncollectables is not a factor in the aging of receivables