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  3. 1. please describe the difference between an accou

1. Please describe the difference between an accounts receivable and a notes receivable. 2. There are times...

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Accounting

1. Please describe the difference between an accounts receivableand a notes receivable.

2. There are times when businesses cannot collect the money thatis owed to them by their customers. When this happens, businessesincur an expense. There are two methods for recording uncollectiblereceivables. They are the allowance method and the direct write offmethod. Please explain the difference between these twomethods.

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