Entries to record allowance methods for accounts receivables
How would you describe the entries to record the allowance methods for accounts receivables? What is their function? How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method?
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How would you explain the entries to record allowance methods for accounts receivables? What is their function? How are bad debts accounted for under direct write-off method? Explain the disadvantages of this method?
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