1. How do you apply the allowance method to account for uncollectibles? 2. Why is it...

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1. How do you apply the "allowance method" to account for uncollectibles? 2. Why is it important for a company to know the "days' sales in receivables"? 3. What about the accounts receivable turnover ratio? How do both of these help control receivables? 1. How do you apply the "allowance method" to account for uncollectibles? 2. Why is it important for a company to know the "days' sales in receivables"? 3. What about the accounts receivable turnover ratio? How do both of these help control receivables?

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1 Allowance method is used when bad debts are estimated beforehand eg start of the year and a partic... View the full answer