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Explain why noncollectable accounts have both income statement and balance sheet implication for accounts?
If you can't collect a receivable, you have to write it off. Doing so means you credit the receivable on the balance sheet and debit the income statement with bad debt expense. This entry essentially reverses the initial entry which recognized the revenue and put the receivable on the balance sheet in the first place.
How do you write a letter for correcting spelling mistake in your bank accounts?
You will need to be really polite and say i am really sorry to be sending a letter but i corrected a spelling mistake in my bank accounts please be mare careful next time. that is how i would do it.
How do you write Journal entry for equipment rent to somebody?
There is no journal entry when equipment rented out to somebody as there will be entry when actual rent received.
How do you write a journal entry for the purchase of goods with a rebate?
Entry On the Buyer Side; Dr. A/P (rebated amount) CR. Puchase Disc Is this the right entry?
Can an employer charge an employee for a mistake?
He has the write t do anything if you work for hm
How do you write a letter of explanation letter that not you mistake?
you vomited in the locker room sink
How do you write a requesition letter to get the mark sheet from past working place?
requestion letter to get mark sheet
What is the Journal entry to write off a goodwill explain the entry?
To write off goodwill, you debit the goodwill account and credit the accumulated impairment loss account. This entry reduces the value of goodwill on the balance sheet to its recoverable amount. Goodwill is typically tested for impairment annually or whenever there are indicators of potential impairment.
Explain why noncollectable accounts have both income statement and balance sheet implication for accounts?
If you can't collect a receivable, you have to write it off. Doing so means you credit the receivable on the balance sheet and debit the income statement with bad debt expense. This entry essentially reverses the initial entry which recognized the revenue and put the receivable on the balance sheet in the first place.
How i can write an apology letter to company regarding petty cash?
dear madam, i know i am very big mistake
How do you write a letter for correcting spelling mistake in your bank accounts?
You will need to be really polite and say i am really sorry to be sending a letter but i corrected a spelling mistake in my bank accounts please be mare careful next time. that is how i would do it.
How would you prepare a cover letter for a film festival entry?
how do i write a letter of motivation showing the benefit for the film makers attending the film festival
How can i write a letter because i will be coming in late?
You take a sheet of paper and a pencil. Then, using the pen, you write the words on the paper describing why you'll be coming late
How do you write and adjusting entry for building depreciate?
how to write and ajusting entry for building depreciate and equipment
What is an example of write?
diary entry
Who writes the sheet music for grease?
Frankie Valli write the sheet music for "Grease"
Which is the journal entry to write off an investment?
example suman moters of rs 10000 is write off then what is the entry
