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About Module 3A - ACCCOB2 Lecture 3 - Receivables T1AY2021
The document discusses receivables, which are financial assets that represent a contractual right to receive cash or another financial asset from another entity. It specifically discusses trade receivables, which arise from the sale of goods and services, and notes receivable, which are supported by formal promises to pay. The document also discusses methods for estimating doubtful accounts, including aging accounts receivable and using a percentage of total accounts receivable. It compares the allowance method and direct write-off method for accounting for bad debts.
Detailed Information
| Author: | ['Cale Robert Rasco'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 14 |
| Language: | English |
| Format: | |
| Price: | FREE |
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