Accounting Principles, Volume 2: Chapters 13 - 26
Accounting Principles, Volume 2: Chapters 13 - 26
12th Edition
ISBN: 9781118978764
Author: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Publisher: WILEY
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Chapter 9, Problem 6Q
To determine

Accounts uncollectible:

Accounts uncollectible refer to loans, receivables, and other debts which seem to have no chances of being paid now or in the future. An account may turn uncollectible due to different reasons, such as bankruptcy of the debtor, an inability to find the debtor, or due to the lack of improper documentation.

To determine: The two bases that are used to estimate uncollectible accounts.

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