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Estimating the Amount of Bad Debts Expense Estimating the Amount of Bad Debts Expense

Estimating the Amount of Bad Debts Expense - PowerPoint Presentation

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Uploaded On 2018-03-23

Estimating the Amount of Bad Debts Expense - PPT Presentation

pp 411417 Three Approaches I Using the Income Statement IIUsing the Balance Sheet IIIAging Accounts Receivable Approach I Estimating Bad Debts Using the Income Statement Example Credit sales 400000 in 2006 Based on past experience the company estimates that 06 of credit s ID: 662005

debts bad expense accounts bad debts accounts expense balance based uncollectible approach account receivable 2400 estimate aging outstanding allowance doubtful written amounts

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