Answer:
debit to the Allowance account.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
According to the Generally Accepted Accounting Principles (GAAP), when the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a debit to the allowance account.
Going beyond the minimum requirements set by the Food and Drug Administration; they have personal responsibility for ethical behavior.This is most closely relates to the business ethics programs.
<u>Explanation:</u>
- Business ethics is said to be art and science which helps in maintaining a harmonious relationship with the society and the business conduct of social responsibility.
- These business ideas generally emphasize general business ideas to business behavior.
- It is applicable to all business conduct and to the entire organization along with the individual's conduct.
Real property cannot be was private property by any method. false because Severance is changing an item from real property to non-public belongings with the aid of detaching it from the land.
Real property is a parcel of land and everything is permanently attached to the land. The owner of real belongings has all the rights of ownership, consisting of the right to possess, sell, lease, and enjoy the land.
Examples of real property are buildings, canals, crops, fences, land, landscaping, machinery, minerals, ponds, railroad tracks, and roads. actual assets consist of undeveloped lands, like a wooded area or a subject, and include buildings, which include houses, condominiums, and office homes. real assets also consist of matters related to the land, like subsurface rights. There are two primary categories of property: actual and private.
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Micro economics is a part of economics that deals with individuals as well as firms behavior in small scale. Macroeconomics is a part of economics that deals with the whole economy's behavior.
Explanation:
<u>Microeconomics</u>
Why do economics major earn more than marketing major?
How does Apple decide how many iPads to produce?
Which company's stocks should your mother buy?
Why does the price of gasoline increase during summer?
<u>Macroeconomics</u>
How much will the economy grow next year?
Why does the unemployment rate increase during a recession?
What happens to price when government increase money supply?
Should the government pass a jobs bill to stimulate the economy?
