A primary election is an election during which voters can indicate their preferred candidate in an upcoming general election. In other words its a process for narrowing the number of candidates for general elections.
General Election is a process, during which, nation's primary legislative candidates a nation or state are elected. Generally they are held at some intervals such as every four years.
Special Election is an election scheduled at unusual date for a specific purpose. It happens generally to fill an position that has become vacant before the incumbent has completed the term.
Run-off Election means an initial election did not result in a winner because it was tied or too close to call. A runoff election settles the matter, providing a final decision.
A Recall Election (is also known as recall referendum and it is a procedure when voters elected official can be removed from the post via direct vote before that official's term has ended.
Idk tbh I’m tryna get some points. I suggest searching it up though.
Answer:
B- affects the net realizable value of accounts receivable
Explanation:
The mechanics of the allowance method are that the initial entry is a debit to bad debt expense and a credit to the allowance for doubtful accounts (which increases the reserve). The allowance is a contra account, which means that it is paired with and offsets the accounts receivable account. When a specific bad debt is identified, the allowance for doubtful accounts is debited (which reduces the reserve) and the accounts receivable account is credited (which reduces the receivable asset). If a customer subsequently pays an invoice that has already been written off, then the process is reversed to increase both the allowance and the accounts receivable account, after which the cash account is debited to increase the cash balance and the accounts receivable account is credited to reduce the receivable asset.
