FORUM DESCRIPTION Explain the differences between the types of write off calculations and allowances that take...

 

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FORUM DESCRIPTION Explain the differences between the types of write off calculations and allowances that take place in accounting for un-collectable accounts. Specifically explain the differences between: i) the percentage-of-sales H) percentage-of-receivables si) direct write-off method Give an example of a company or industry that uses allowance for doubtful accounts. FORUM DESCRIPTION Explain the differences between the types of write off calculations and allowances that take place in accounting for un-collectable accounts. Specifically explain the differences between: i) the percentage-of-sales H) percentage-of-receivables si) direct write-off method Give an example of a company or industry that uses allowance for doubtful accounts.

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Percentageofsales method The percentageofsales method estimates uncollectible accounts from the credit sales of a given period In theory the method is ... View the full answer