What was the net realizable value of receivables


There were $170,000 in sales on account during the accounting period. Write-offs of uncollectible accounts were $1,400. What was the amount of cash collected from accounts receivable? What amount of uncollectible accounts expense was reported on the income statement? What was the net realizable value of receivables at the end of the accounting period?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What was the net realizable value of receivables
Reference No:- TGS078501

Expected delivery within 24 Hours