How direct write-off method and allowance method are applied

Reference no: EM131747561

ASSIGNMENT

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The assignment worth 10 marks which is about 3.75 of the total marks.

Q1. Explain the importance of Bank Reconciliation Statement and give real examples explaining all possible items that make differences between cash balance in general ledger and bank statement balance.

Q2. Explain how the direct write-off method and the allowance method are applied in accounting for uncollectible accounts receivables? Explain with examples.

Q3. Define depreciation and list methods of depreciation with numerical examples for each method.

Reference no: EM131747561

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