Why does the write off of uncollectible accounts have no effect on the net realizable accounts receivable on the balance sheet if bad debts are estimated What is the effect of this write off on the income statement ...

If bad debt expense is recorded based on an estimate an individ ...

Why does the write-off of uncollectible accounts have no effect on the net realizable accounts receivable on

Question:

Why does the write-off of uncollectible accounts have no effect on the net realizable on the if bad debts are estimated? What is the effect of this write-off on the income statement?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...