Card Set Information
Accounting bad debts
Income Statement Approach to bad debts
another name for % of sales approach
finance company that buys receivbales
% of receivables approach
allowance for doubtful accounts is % of receivables
% of sales approach
bad debts based on % of net credit sales
results in a better matching of expenses with revenues
lists of accts receivable organized by lenght of time unpaid
balance sheet approach
another name for the % of receivables approach
days sales inventory PLUS collection period.
Time it takes to receive, sell, and receive payment of goods.