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400-600 words What are the 2 methods that companies implement
- What are the 2 methods that companies implement to adjust the outstanding accounts receivable for the current accounting period? How often is this done?
- Please provide an example of each in detail.
- Explain how these methods can impact the financials as a whole, and specifically how they can be misread by an overstatement of accounts receivable dependent upon the users of the information.
- Please include in your explanation which method you feel would be best a small equipment rental company, and support your reasoning
ACCOUNTING FOR RECEIVABLES
2 methods that companies implement to adjust the outstanding accounts receivable
Companies use direct written-off method and allowance method to write off and allow...
This question was answered on: Feb 21, 2020
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