Why is every cash payment not treated as an expense

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Problem 1: Why is every cash payment not treated as an expense?

Problem 2: Why is every cash receipt not treated as an income?

Problem 3: When is the gross sales not proper to use as a basis for determining uncollectible accounts?

Problem 4: In what methods of computing uncollectible accounts will the beginning allowance for bad debts be considered to arrive at the current provision?

Reference no: EM132803913

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