1. Please describe the difference between an accounts receivable and a notes receivable.

2.There are times when businesses cannot collect the money that is owed to them bytheir customers.When this happens, businesses incur an expense. There are two methods for recording uncollectible receivables.They are the allowance method and the direct write off method.Please explain the difference between these two methods.

3.why is the allowance method is the preferred method of recording uncollectible accounts.