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Is allowance for doubtful debt a current liability?
no
Allowance for doubtful accounts is listed on the balance sheet under the caption of what?
current asset
Linus Company uses the percent of sales method to estimate uncollectibles Net credit sales for the current year amount to 130000 and management estimates 2 percent will be uncollectible Allowance for?
Uncollectable allowance = 130000 * 2% Uncollectable allowance = 2600
What is importance of pattern allowance?
pattern allowance is needed as it gives shrinkage allowance, machining allowance,draft allowance,shaking allowance and distortion allowance.
Is provision for doubtful debt under current assets?
Yes provision of doubtful debt is part of current assets as accounts receivable is part of current assets and this allowance is for short term period.
Is allowance for doubtful debt a current liability?
no
What is the current depletion allowance Oil Gas?
15%
What is the current IRS meal allowance?
$31.00 per day
What is the current IRS gas mileage allowance?
.55 per mile
Define likage current?
Leakage current is an allowance for loss for leaking. It means that a partial loss, such as stocks, is planned for and expected.
Allowance for doubtful accounts is listed on the balance sheet under the caption of what?
current asset
Linus Company uses the percent of sales method to estimate uncollectibles Net credit sales for the current year amount to 130000 and management estimates 2 percent will be uncollectible Allowance for?
Uncollectable allowance = 130000 * 2% Uncollectable allowance = 2600
What is importance of pattern allowance?
pattern allowance is needed as it gives shrinkage allowance, machining allowance,draft allowance,shaking allowance and distortion allowance.
Is provision for doubtful debt under current assets?
Yes provision of doubtful debt is part of current assets as accounts receivable is part of current assets and this allowance is for short term period.
How much is the initial uniform allowance for officers in the army?
Effective December 6, 2000, this allowance is not payable if the officer has received an initial uniform allowance of more than $400 during the current tour of active duty, or within a period of 2 years before entering on that tour.
What is the percentage-of-receivables method?
The percentage-of-receivables method is a way for a company to estimate its Allowance for Uncollectible Accounts and Bad Debt Expense. It is considered a "Balance Sheet Approach," because total Allowance for Uncollectible Accounts is estimated as a percent of total Accounts Receivable. Bad Debt expense then becomes the increase between the previous year's Allowance and the current year's Allowance.
What is percentage of receivables method?
The percentage-of-receivables method is a way for a company to estimate its Allowance for Uncollectible Accounts and Bad Debt Expense. It is considered a "Balance Sheet Approach," because total Allowance for Uncollectible Accounts is estimated as a percent of total Accounts Receivable. Bad Debt expense then becomes the increase between the previous year's Allowance and the current year's Allowance.
