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Companies may use either the percent-of-sales method or the aging-of-accounts receivable method to estimate uncollectible receivables. Which method

Companies may use either the percent-of-sales method or the aging-of-accounts receivable method to estimate uncollectible receivables. Which method do you think is best? Why?

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Accounting - 8352424.doc

A company by using historical data gathered from previous accounting periods may arrive at
approximately accurate percentage of credit sales that are usually remain not collectible.
For example...

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