Accounting Chapter 7

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  1. Accounts receivable that cannot be collected
    Uncollectible AccountsĀ 
  2. Canceling the balance of a customer account because the customer does not pay
    writing off an account
  3. recording uncollectible accounts expense only when an amount is actually known to be uncollectible
    direct write-off method of recording losses from uncollectible accounts
  4. crediting the estimated value of uncollectible accounts to a contra account
    allowance method of recording losses from uncollectible accounts
  5. analyzing accounts receivable according to when they are due
    aging accounts receivable
  6. the difference between the balance of accounts receivable and its contra account, allowance for uncollectible accounts
    book value off accounts receivable
  7. the number of times the average amount of accounts receivable is collected during a specific period
    accounts receivable turnover ratio

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kaylacody17
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197852
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Accounting Chapter 7
Updated:
2013-02-04 17:22:12
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