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Q: What is called a type of reorganization in which management revalues assets and eliminates deficit by charging it to other equity accounts?
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Continue Learning about Accounting

Is it true when using the allowance method of accounting for uncollectible accounts the entry to record the bad debt's expense's is a debit to Bad Debts Expense and a credit to Account's Receivable.?

No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.


How do you cancel a Wells Fargo Free Checking Account?

You can NEVER really cancel a Wells Fargo account. The only way to officially cancel an account is to never do business with them to start with. I got sick of their constant charges so I moved everything to my credit union. I closed my accounts in person. However, this apparently did not sever my relationship enough to keep them from charging me fee after fee. And then fees on the fees. Be sure you tell them to cancel your software fees if you have any. If you don't think to do this they will keep charging you. And then they will back them out. And charge you again. I will never do business with them again. This is banking fee abuse in the biggest way.


What are the Methods of charging stock out?

fifo- first in first out lifo- last in last out


What is the difference between over costing under costing?

Over costing means charging more costs to items than it's actual cost while under costing means charging less cost then actual costs.


What are the reasons for charging depreciation on non current assets?

depreciation non current asseate

Related questions

Is Facebook charging for accounts?

no.


What has gone wrong with the banks in America?

Some banks are charging too many fees for their checking accounts and others are not giving their customers high enough interest rates on savings accounts.


Is it true when using the allowance method of accounting for uncollectible accounts the entry to record the bad debt's expense's is a debit to Bad Debts Expense and a credit to Account's Receivable.?

No while using allowance method, bad debts are charged to allowance for bad debts account rather charging the accounts receivable because accounts receivable was already charged with allowance when it was created.


Which activity in the itil process financial management for it services is responsible for billing the services that were provided to the customer?

Charging IT Services (800.5).


What are some ways lenders might take advantage of low-income consumers?

BY charging monthly fees for small accounts, not paying any interest or very low interest on savings in small accounts and steering them toward high fee & interest loans.


What is California law for landlords charging management fees?

I believe it is solely the landlord's responsibility to pay management fees. The landlord charges rent. All fees come out of the rent. Some areas of California have rent control, others do not.


Which of these methods has the highest finance charge charging a flat rate fee charging the unpaid balance charging the previous balance charging the average daily balance?

Charging the previous balance


Is your laptop charging?

yes my laptop is charging


What are three ways static electricity be produced?

charging by friction, charging by conduction, and charging by induction.


What are the two methods of charging a body?

Charging by friction and charging by induction (works only for conductors)


What are the different of charging process?

1.Charging by contact i. Conduction ii. Induction2.Charging by friction


What are the different type of charging processes?

1.Charging by contact i. Conduction ii. Induction2.Charging by friction