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Estimate bad debts expense using the allowance method

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Reference no: EM132933548

Provide an explanation for the accounting treatment of GST and accounting for bad debts that is recommended according to generally accepted accounting principles (GAAP), if:

Problem i) You were required to write off the balance of a customer's account

Problem ii) You had to estimate bad debts expense using the allowance method for the year end accounts

Reference no: EM132933548

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