You have new items in your feed. Click to view.
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
26,186,596 questions answered
Weegy Stuff
S
L
P
P
P
P
P
Points 913 [Total 4985] Ratings 2 Comments 893 Invitations 0 Offline
S
P
1
L
Points 663 [Total 1543] Ratings 5 Comments 613 Invitations 0 Offline
S
Points 205 [Total 499] Ratings 0 Comments 205 Invitations 0 Offline
S
Points 100 [Total 100] Ratings 0 Comments 100 Invitations 0 Offline
S
L
P
Points 83 [Total 1195] Ratings 0 Comments 83 Invitations 0 Offline
S
Points 72 [Total 72] Ratings 0 Comments 72 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
L
Points 25 [Total 4250] Ratings 1 Comments 15 Invitations 0 Offline
S
L
P
P
P
Points 13 [Total 3875] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.