The difference between accounts receivable and allowance for doubtful accounts
A)Accounts receivable turnover
B)Net realizable value
C)Accounts receivable
D)Aging report
E)Receivables
F)Direct write-off method
G)Allowance for doubtful accounts
H)Bad debt expense
I)Factoring

Question

Bryce Watkins · Accepted Answer

Final Answer : b, Explanation :  The net realizable value of accounts receivable is calculated by subtracting the allowance for doubtful accounts from the total accounts receivable. This represents the amount of receivables a company expects to actually collect.

The difference between accounts receivable and allowance for doubtful accounts
A)Accounts receivable turnover
B)Net realizable value
C)Accounts receivable
D)Aging report
E)Receivables
F)Direct write-off method
G)Allowance for doubtful accounts
H)Bad debt expense
I)Factoring

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Learning Objectives

Learning Objectives

Related questions

The difference between accounts receivable and allowance for doubtful accountsA)Accounts receivable turnoverB)Net realizable valueC)Accounts receivableD)Aging reportE)ReceivablesF)Direct write-off methodG)Allowance for doubtful accountsH)Bad debt expenseI)Factoring

Definitions

Learning Objectives

Learning Objectives

Related questions

The difference between accounts receivable and allowance for doubtful accounts
A)Accounts receivable turnover
B)Net realizable value
C)Accounts receivable
D)Aging report
E)Receivables
F)Direct write-off method
G)Allowance for doubtful accounts
H)Bad debt expense
I)Factoring