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Reserve for doubtful debts definition in accounting?
The reserve for bad debts is a provision set aside for debts (debtors) in the balance sheet that might not be collectable. This provision can be either specific or general: * Specific bad debt provision - a provision set aside for specific or identified individual debts considered not collectable. This provision is allowable for tax deduction * General bad debt provision - a provision set aside for non specific debts, it might be for eexample 100% of all debts over 90 days old and 50% of debts over 60 days old. It is a general provision to cover the fact if any of these debts go bad and is not an allowable deduction for tax purposes
Which best illustrates stars wars?
Which what best illustrates Star Wars? Be more specific.
Is violating the constitution a crime?
Violating the constitution can be considered a crime if it involves breaking a specific law or provision outlined in the constitution. Individuals or entities can face legal consequences for actions that go against the principles and rights established in the constitution.
What is the formula of provision expense ratio?
The provision expense ratio is calculated by dividing the provision for loan losses by the average total loans outstanding during a specific period. The formula is: Provision Expense Ratio = (Provision for Loan Losses / Average Total Loans) x 100.
What is the smallest unit of an element that still can be identified as a specific as a specific element?
Atom
What are provision entries and y they are done in journal entries?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
What provision of slavery appeared in the US Constitution?
The United States Constitution contains a specific provision that says that the federal government could not outlaw slavery until at least the year 1808.
What is the name for specific sources of pollution that can be identified?
Point sources.
What statement best illustrates the difference Merit Principles and Prohibited Practices?
The Merit Principles are a set of guidelines that govern the hiring, promotion, and other personnel actions taken by federal agencies. The Prohibited Practices are a set of specific practices that are prohibited by law and/or regulation.
Identify the two main categories of accounting principles?
General Principles and Specific Principles. If you want to know more about "Basic Accounting Principles and Guidelines" go for below url: www[.]accountingcoach.com/accounting-principles/explanation
How might you identify and address specific communication needs of individuals?
the specific commuication needs of individuals are identified and addressed
What statement best illustrates the difference between Merit Principles and Prohibited Practices Higher headquarters is responsible for Merit Principles and Legal is responsible for Prohibited Practic?
Merit Principles emphasize the importance of fairness, equity, and competence in hiring and promotion within an organization, ensuring that individuals are selected based on their qualifications and performance. In contrast, Prohibited Practices focus on specific illegal or unethical behaviors, such as discrimination or retaliation, that undermine these principles. While higher headquarters oversees the implementation of Merit Principles to promote a merit-based system, the Legal department ensures compliance with laws prohibiting such unethical practices. Together, they work to maintain a fair and just workplace environment.
