QuickBooks (QB) is a user friendly, accounting software package used mostly by small and medium-sized corporations that accept business payments, manage, and pay bills, and pay salaries

You are the manager of a physical therapist's office, oversee reporting an estimate of the bad debt expense each month, and are familiar with the use of QB to estimate bad debt. Typically, in each period 4% of patients do not pay their invoices.

1. Because bad debt is an estimate, why could fraud be involved with the reporting of this number? How would underreporting affect the income statement? Why might the office overestimate the bad debt in a period?

Your initial posting should be 250-500 words