Explain the correct way companies should account for uncollectible accounts receivable (bad debts).

Question:

Explain the correct way companies should account for uncollectible (bad debts).
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...