If the allowance method of accounting for bad debts is used to determine the amount of the

Question:

If the allowance method of accounting for bad debts is used to determine the amount of the adjusting entry, explain the difference between using a percentage of and a percentage of net sales.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...