Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating the allowance for doubtful accounts? Do the generally accepted accounting principles allow for using both methods at the same time? Why?
Weegy: Small Business > Running a Business > Sales Percentage of Receivables Vs. Percentage of Sales by Kenneth V. [ Oster, Demand Media Google Accountants use accounting procedures to reconcile noncollectable accounts. Accountants use accounting procedures to reconcile noncollectable accounts. Related Articles Gross Sales vs. Percentage of Payroll The Recommended Percentage of Sales for a Marketing Budget Sales Expense vs. Revenue Percentage Limitations of the Percentage of Sales Forecasting Method Added Sales as a Percentage of Total Sales Equation Tracking Goals Vs. Sales Percentage Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP), these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding fiscal reporting period. ] (More)
Question
Expert Answered
Asked 7/31/2013 5:34:14 PM
0 Answers/Comments
25,349,757 questions answered
Popular Conversations
8!
Weegy: hello what is your question? User: 0!=0 Weegy: The answer is zero. The property is identity property of ...
5/26/2016 2:58:30 PM| 2 Answers
Weegy Stuff
S
Points 682 [Total 682] Ratings 10 Comments 562 Invitations 2 Offline
S
Points 679 [Total 679] Ratings 13 Comments 549 Invitations 0 Offline
S
Points 602 [Total 602] Ratings 0 Comments 602 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 289 [Total 12541] Ratings 2 Comments 269 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.