under the direct write-off method of accounting for uncollectible accounts, bad debts expense is debited

1 answer:

3 0

Bad Debts Expense is debited when an account is determined to be <u>uncollectible</u> under the direct write-off method of accounting for uncollectible accounts,

Bad Debts Expense refers to the portion of account receivables that a firm has assumes not be recoverable from the debtor.

In conclusion, the Bad Debts Expense is debited when an account is determined to be <u>uncollectible</u> under the direct write-off method of accounting for uncollectible accounts,

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To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

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