Let us assume that the company Taylor Industries bought merchandise from X company. Taylor Industries will record Accounts Payable while X company will record Accounts Receivable.
Since Taylor Industries will no longer be able to pay off its Account Receivable, X company will have to write off the Accounts Receivable. Writing off Accounts Receivable can be done in two ways.
1) Allowance method:
Bad Debt Expense xxxxx
Allowance for Doubtful accounts xxxxx
Writing Off Bad Debt:
Allowance for Doubtful Accounts xxxxx
Accounts Receivable xxxxx
2) Direct Write-off method.
Bad Debt Expense xxxxx
Accounts Receivable xxxxx
In the books of Taylor Industries, it must recognize the cancellation of the Accounts Payable from the transaction with X company.
Accounts Payable xxxxx
Other Income xxxxx
I would say the best answer to go with is A. Not to sure.
Answer:
competitive advantage.
Explanation:
Competitive advantage -
It refers to the strategy , by which a company is capable to generate the same or similar goods and services , in avery lower price or in a manner , which can not be copied by anyone , is referred to as a competitive advantage .
The strategy makes the company profitable and better than other companies , and have a upper hand over other companies .
And these companies give a tough competition to the other companies , by their goods and services .
Hence , from the given scenario of the question ,
The correct term is competitive advantage .
The credit bureaus<span> and the company reporting your pay history, </span>the information furnisher are two bodies responsible for the information in your credit report. The account information from the credit bureau can only be as accurate as the information it is provided by the information furnisher.
Inventions usually start out with a small idea. Just like the story for honey bunches of oats, his daughter smiled because she knew he was up to something (and they never ever knew they would become very famous with their cereal).
Since many people are dying from diseases, you could make an invention that rates how close you are to get that disease. It could warn you on when you might get it (for example, it tells you that a person behind you has a flu, so make sure to stay away from that person.).
It would be called 'The-World-Is-Healthy' because it would decrease the spread of disease.
That would change the world.
