<span> The </span>income statement<span> reports revenues and expenses and the resulting </span>net income
Answer:
yeah sure what do you want to ch.At about
Explanation:
because i don't really care what we talk abt
Answer:
The correct answer is debit to Bad Debt Expense.
Explanation:
Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.
The answer is True, hope this helps
