<span>The production in a company is the source that generates income for the company through the manufacture and construction of a product that the company promotes. Creates value for the company by showing the quality of its products and customers are satisfied to acquire part of this production.</span>
Answer:
Allowance for Doubtful Accounts 100 Accounts Receivable 100
Explanation:
The allowance method first estimates an allowance for doubtful debts.When the company receives the actual figure of the amount that have gone wrong, it writes off the trade receivable and utilizes the allowance provided for
<u>When allowance is estimated </u>
Bad Debts (debit)
Allowance for doubtful debts (credit)
<u>When the actual figure of the amount that have gone wrong is obtained</u>
Allowance for doubtful debts (debit)
Account Receivable (credit)
This is a peer review team.
Peer review is a type of oversight where people in the same group (in this case students at XYZ College) review the actions, behavior, and performance of other people in that group and try to resolve problems or hear both sides of the argument.
