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What will the entry to write off an account receivable under the allowance method do?
Under the allowance method, writing off an account receivable involves debiting the Allowance for Doubtful Accounts and crediting Accounts Receivable. This entry reduces the overall accounts receivable balance and reflects the estimated uncollectible accounts previously recognized as an expense. It does not impact the income statement at the time of the write-off, as the expense was already accounted for when the allowance was established.
Can a credit bureau place accounts back on your credit file after they were disputed and removed?
Hi, I am a bill collector by profession of 3 years and the only way they can put an account back on your credit file is if you sent in a dispute letter, they reviewed it and took it off your file, then after the investigation of the debt found you had no proof to show that the debt was satisfied. If they found the debt has been satisfied and you have proof or if the person who owes the debt is deceased and you have the death certificate, then I would contact the attorney general and they will make the credit bureau remove the debt off your file. But make sure that even though it's on your file, it doesn't have a satisfied marking because when debts are satisfied they will appear on your credit report as such. Hope this helps.
What type of accounts are accounts receivable and accounts payable?
real accounts
How do you treat a contra entry in a control accounts?
A contra entry in control accounts occurs when there are reciprocal transactions between two accounts, such as a customer also being a supplier. To treat a contra entry, you would offset the amounts involved by recording them in both the sales and purchases control accounts, effectively reducing the overall balances of both accounts. This ensures that the net effect is accurately reflected in the financial statements, maintaining the integrity of the accounting records. It is essential to document these entries clearly for transparency and reconciliation purposes.
What are the accounts title in accounting?
There are different types of accounts in accounting. Some of these accounts are asset account, liability accounts, equity accounts, and operating expense accounts. There are many titles that coincide with these accounts.
What was your overall experience with the flight?
My overall experience with the flight was positive.
How many years of experience do you have in this field?
We have more than 30 years of experience in this field, and also we have a lot of satisfied customers in our services.
What does it mean to be satisfied?
Being satisfied means feeling content, fulfilled, or pleased with a situation, outcome, or experience. It implies a sense of being contented or gratified with what one has or has achieved.
How satisfied are you with Netflix?
I am really satisfied with netflix with everything except the fact that they don't have a lot of recent movies or really popular ones . If they had this then I wouldnt ever stop using it. But overall netflix is excellent
What are the factors that accounts for differences in religious experience?
Answer 1: The main factor in qualifyinga religious experience is the presence of the Holy Ghost in the experience or not so. Answer 2: Different cultural upbringings is the main factor that accounts for different religious experiences. Then also different views on life.
How do you answer interview question describe your best sales experience?
Describe your overall sales experience
How many personal checking accounts can you have overall?
You can have as many as individual banks would allow.
What method accounts for fat as compared to overall health?
BMI Body Mass Index
Can you write a survey to gather feedback on customer satisfaction with our new product?
Here is a concise survey to gather feedback on customer satisfaction with our new product: How satisfied are you with our new product? (Very satisfied, satisfied, neutral, dissatisfied, very dissatisfied) What do you like most about the product? What improvements would you suggest for the product? How likely are you to recommend this product to others? (Very likely, likely, neutral, unlikely, very unlikely) Overall, how would you rate your experience with our new product? (1-10 scale) Thank you for your feedback!
What is an example of anecdotal evidence?
An example of anecdotal evidence is when someone shares a personal story about their experience with a product, service, or event to support their argument or point of view. This type of evidence is based on individual accounts and may not be representative of the overall population or situation.
What is excellent service?
What makes service excellent will vary from person to person. Excellent service is whatever it is that makes a customer satisfied with their experience.
What is opposite meaning of dissatisfaction?
The opposite meaning of dissatisfaction is satisfaction. It refers to a feeling of contentment or fulfillment with a situation, result, or experience.
