1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Readme [11.4K]
3 years ago
12

Most businesses periodically remove bad accounts from their books true or false

Business
1 answer:
Mashutka [201]3 years ago
5 0

Answer: false

Most businesses remove or write off bad accounts but not periodically. By periodically means, it occurs at regular times which bad accounts are not. Accounts are considered bad accounts if they remained uncollectible after many months.

The entry to write off consists of 1) a credit to Accounts Receivable to remove it, and 2) a debit to Bad Debts Expense to report it.


You might be interested in
A general partner who puts together the administrative organization of the limited partnership and handles the registration of t
Valentin [98]

Limited partner.

<h3>What is a Limited partner?</h3>
  • A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business.
  • Silent partners are another name for limited partners.
<h3>What is Limited Partnership?</h3>
  • Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships.
  • Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.
  • The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.

Therefore, the answer is a limited partner.

Know more about a Limited partner here:

brainly.com/question/25012970

#SPJ4

5 0
2 years ago
Teddy's Pillows had beginning net fixed assets of $471 and ending net fixed assets of $550. Assets valued at $319 were sold duri
photoshop1234 [79]

Answer:

Net Capital Spending = $121

Explanation:

The Net Capital Spending is the amount of money a company spends in the acquisition of fixed assets during the year. Mathematically, it is represented as:

Net Capital Spending = Ending net fixed asset - Beginning net fixed asset + depreciation

Net Capital Spending = 550 - 471 + 42 = $121

∴ Net Capital Spending = $121

3 0
3 years ago
You have an insurance policy with a $300 premium and a $500 deductible. how much should you expect to pay the insurance company
alex41 [277]
Answer: $300 hope this helps
7 0
3 years ago
What appeals to you about baskin robbins franchise
blsea [12.9K]

Answer:

It does not appeal to me lol.

Explanation:

If it does appeal then it will probably be the free icecreams. Plus you can have whatever toppings and designs you want!

7 0
3 years ago
Within the structure of the federal reserve system, each of the following is a depository institution except: a. banks b. credit
kari74 [83]

Answer:

The answer is C. Money markets.

Explanation:

  • <u><em>The money market is a component of the economy which provides short-term funds. </em></u>
7 0
2 years ago
Other questions:
  • A step-by-step procedure used to obtain a particular goal when in search for a problem’s solution is a(n) __________.
    9·2 answers
  • An investment project provides cash inflows of $1,275 per year for eight years. a. What is the project payback period if the ini
    6·1 answer
  • Imagine you are writing a classroom management program. In which of the following scenarios will dynamic data structures approac
    13·1 answer
  • Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $919,000, payment due at delivery. (
    11·1 answer
  • Which of the following is NOT a reason to invest your money?
    9·1 answer
  • If the government decides to adopt a carbon tax, the price of goods whose production generates carbon emissions will __________
    10·1 answer
  • What is the basic monetary unit in india?
    5·1 answer
  • The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How do
    10·1 answer
  • What are aspects of a free enterprise system?
    5·1 answer
  • Concept maps work because they _______. a. are colorful and interesting b. can be drawn by almost anyone c. visually demonstrate
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!