John investigated the properties of two minerals and recorded his observations:
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my my teacher gives my class and I a mystery box for us to observe what's inside that box it was closed, as we was trying to know what's inside that box we were looking and thinking what does it sounds like, but my friend next to me says it sounds like a stapler and my other friend said it's not very heavy, as we were we said we could take another box just like that identified box and put a stapler since it sounds like a stapler and it's not that heavy as we know staplers are not that heavy. well we did that we check and our activity shows that the mystery box it slides and appear to be flat and all the box it slides in appear to be flat so that's the same thing as our box and the mystery box and we were looking at how does it sound when we close the box and everything we were checking how does it sound as we are observed that the mystery box it makes a metallic song when it strikes the side of the box an hour box the stapler makes a thudding sound when it strikes the side of the box and we also checked if the mass of the box was the same but it wasn't the mystery box was 270 g and our box was much more heavier which is 410 g so we were checking what was the really wrong thing we was checking and checking is like what should we do next, and we did in for the things in the box had to be different because our observation of the two boxes are different, and we observed yes things are different of course.
and there's a picture with the observation chart I will be showing it's above take a look and you will be have more understanding and knowledge about the really topic I am talking about thank you.
<u>The allowance for </u><u>uncollectible accounts</u> refers to a company that accepts the risk of giving credits to those who may not pay it back. These debts are written off as uncollectable and are a contra asset on the balance reports.
Uncollectable accounts are also often referred to as doubtful accounts. This implies that the company that is giving the credit accepts the possibility that this entity may not return the money. This results in a loss for the company as is recorded as a contra asset on the balance sheets for the company. Some ways for companies to control this loss are:
- Establishing requirements for credits
- Using credit collectors to claim large debts
- Limiting amount of loss permitted based on historical and industry records.
A contra asset or contra account is an account on a companies balance sheet that <u>decreases the balance of certain assets</u>. Contra derives from Latin and means against. Meaning this is an account that goes <u>against the positive balance of the company, </u>it subtracts from the companies earnings.
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