Asked by Amber Lloyd on Jun 22, 2024
Verified
The ________ method uses both past and current receivables to estimate the allowance amount,and assumes that the longer an amount is past due,the more likely it is to be uncollectible.
Aging Method
An accounting technique used to estimate the amount of uncollectable accounts receivable by categorizing outstanding invoices based on the length of time they have been due.
- Learn to employ aged receivables for estimating provisions for doubtful accounts.
Verified Answer
AT
Learning Objectives
- Learn to employ aged receivables for estimating provisions for doubtful accounts.
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