Answer:
Bad debt expense is recorded in the same year as the credit sale.
Explanation:
Allowance method is generally refer to one of the ways for reporting the uncollectible or bad debt expense which results from a company selling the goods on credit.
This method is used for the process or procedure of uncollectible accounts receivable that records the estimate of the bad debt expense in the same accounting year to which is belongs as the sale. This method is used for adjust the accounts receivable appears on the balance sheet of the company.
Answer:
The correct response is "enforcing the truth in Lending Act".
Explanation:
- This same original objective of many of these Federal Reserve Restrictions would be to safeguard human potential customers toward misleading banking as well as making loans methodologies that could cause significant actual damage or invalidate independent constitutional protections.
- Individuals implement regulations and procedures to support the borrowing and government assets, as well as to discourage manipulation when doing so.
Answer:
hs1isbwuxhwuzbbwxuzvuzbwixeixhwixbexinexneixneoznwoxneoxneoxnexojeoxjeoxn
Answer: Option A
Explanation: In wimples words, a summary report refers to the statement that is prepared by the organisation with the sole objective of helping the executive level managers in their decision making.
Such reports go through various phases and is converted from a detailed explanation to the points that are most relevant to the organisation. It provides a short form detail of the factors that needs most attention of top managers.
As the top managers have to attend a number of sues they will be unable to make any step from detailed information as that will be time consuming for them.
Explanation:
Accounts receivable is money owed to a company by its debtors.
Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.