Solved: Review-bad debts-allowance method-direct write off, Accounting Basics

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Review-bad debts-allowance method-direct write off

Discussion:

Review the youtube video-Bad Debts (Allowance Method, Direct Write Off) and discuss the primary advantages and disadvantages of applying the direct write-off over the allowance method of writing off accounts. Take a position on whether estimating the allowance for doubtful accounts provides the opportunity to distort gross income. Provide support for your rationale.

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Accounting Basics: Review-bad debts-allowance method-direct write off

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