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joja [24]
2 years ago
10

As a functional area of business, _____ measures, summarizes, and communicates financial and managerial information and advises

other managers on financial matters.
Business
1 answer:
IgorLugansk [536]2 years ago
3 0

Answer: Accounting

Explanation:  

 Accounting is one of the business process that helps in interpreting and identifying the various types of financial data in an organization or corporation.

 The main objective of the accounting is that it manage all the financial based performance in the company and also the cash flows system in the business.

 According to the given question, the accounting is known as the functional area that summarized the data or information and also give advises to the manager on the various types of financial based matters in an organization.  

 Therefore, Accounting is the correct answer.

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Sarasota Company has a balance of $2,200 in Allowance for Doubtful Accounts before adjustment. The estimated uncollectibles unde
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Answer:

Debit : Allowance for doubtful debts = $2900

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An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. This may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply an estimation made, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.

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The entry to record the above transaction is:

Debit : Allowance for doubtful debts = $2900

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