<span>This is a corporation. Corporations usually consist of boards of directors and other groups of people, and can continue to exist even after the founders of the business cease to exist or otherwise leave their founding role.</span>
Answer:. ............$
1. Bad debt Dr. 11.0000
Account receivable Or. 11.000
Narration: Bad debts writing off debtors
2. Cash/Bank. Dr 1800
Profit or loss Cr. 1800
Narration. Bad debt previously written off recovered
3. Profit or loss Dr 4000
Allowance for doubtful debts Cr
4000
Narration. Increase in provision for doubtful debts.
Answer:
B). 365 days by the accounts receivable turnover.
Explanation:
This is said to be the time it takes for a business to receive money owed by its client in its amount receivable(AR).
The average collection period formula is the number of days in a period divided by the receivables turnover ratio. The numerator of the average collection period formula shown at the top of the page is 365 days. For many situations, an annual review of the average collection period is considered.
The correct answer is true.
The United States issues savings bonds, which is equivalent to loaning them money. Savings bonds are a very safe investment for the investors and gives the United States cash flow.
