What kind of account is allowance for doubtful accounts

Reference no: EM131342769

1. What is the conceptual difference between the (1) percentage of credit sales and (2) aging methods of estimating bad debts?

2. What kind of account is allowance for doubtful accounts? What does it represent?

3. Why do companies issue credit when their past experience indicates that some customers will not pay?

Reference no: EM131342769

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