All categories

3 years ago

One of the weaknesses of the direct write-off method is that it

Business

1 answer:

Gennadij [26K]3 years ago

5 0

Answer:

violates the matching principle

Explanation:

The direct write-off method is an accounting method for recognizing bad debts expense arising from credit sales when individual invoices has been identified as uncollectible.

In Accounting, one of the weaknesses of the direct write-off method is that it violates the matching principle.

The direct write-off method is a method of accounting for uncollectible receivables.

You might be interested in

Ariel is saving money to purchase a new computer before she leaves for college in two years. She wants to open a special account

Anna35 [415]

Answer:

b. Shop around for the depository institution with the highest interest rates for their savings accounts. She would be able to make regular savings deposits and earn interest while she is saving up for the computer.

Explanation:

Firstly, depository institutions are instiutions that are legally allowed to accept monetary deposits from customer. Examples savings bank, loan banks e.t.c

However, Ariel is better off depositing her money in a financial institution that will yield high interest for her and enable better save to purchase her dream computer.

3 0

3 years ago

On July 1, 2017, Brigham Corporation purchased Young Company by paying $250,000 cash and issuing a $100,000 note payable to Stev

vodomira [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

8 0

3 years ago

Which of the following is recommended when paying a credit card bill?

Vika [28.1K]

Answer:

Explanation:

To get it out of your way

5 0

3 years ago

Jose Inc. reports the following balances and amounts. The following information is presented in random order (amounts are in dol

tankabanditka [31]

Answer:

Current assets 300.000,00

Current liabilites 120.000,00

WORKING CAPITAL 180.000,00

Explanation:

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable

8 0

3 years ago

How many of Amway distributors make money

satela [25.4K]

1.5 million distributors

5 0

3 years ago