explain how a company (a) ages its accounts receivable and (b) uses the information in its...

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Accounting

explain how a company (a) ages its accounts receivable and (b)uses the information in its year end adjusting entry to recorduncollectible accounts expense? Explain in detail.

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Answer a The company ages its account receivables into various categories There can be many account receivables Some might be very old some can be recent Accordingly the company CAN categorise them as less than 60 days old 60 120 days old and more than 120 days old or in any manner Then a certain is ascertained and estimated that this much amount will not See Answer

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explain how a company (a) ages its accounts receivable and (b) uses the information in its...

60.1K

Verified Solution

Question

Accounting

explain how a company (a) ages its accounts receivable and (b)uses the information in its year end adjusting entry to recorduncollectible accounts expense? Explain in detail.

Answer & Explanation Solved by verified expert

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