Allowance methods for uncollectible accounts

Reference no: EM132959537

Question: Lois, a friend of yours, overheard a discussion at work about changes her employer wants to make in accounting for uncollectible accounts. Lois knows little about accounting, but since you've taken some classes with Mr. Ruston, she figures you are a good source to ask.

Specifically, she asks you to explain the differences between the direct write-off and allowance methods for uncollectible accounts. In a letter, explain to Lois the methods of accounting for uncollectibles. Be sure to discuss the differences among these methods.

Reference no: EM132959537

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