accounting assignment - 1.When writing-off an uncollectible...

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1.When writing-off an uncollectible receivable, how does the journal entry differ under the Direct write-off method versus the Allowance method? In your own words, please. 2.How does an Account Receivable differ from a Note Receivable? 3.What does an Accounts Receivable Turnover ratio tell us? 4.Generally, would we expect companies selling directly to customers to have a high turnover rate? What makes that type of transaction different from companies selling to other businesses? 5.Describe for me a few characteristics of a fixed asset. When we are writing off an uncollectible receivable and we are using direct write off method we use to DEBIT BAD DEBTS AND MAKE A CREDIT ENTRY IN THE ACCOUNT RECEIVBLE which in result will reduce our accounts receivable. And when we are using allowance method we will DEBIT BAD DEBTS AND MAKE A CREDIT ENTRY UNDER THE HEADING OF ALLOWANCE FOR DOUBTFUL DEBTS. 2.How does an Account Receivable differ from a Note Receivable?
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accounting assignment - 1.When writing-off an uncollectible...

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