Accounts Receivable and Uncollectible Accounts FLASHCARDS - PowerPoint PPT Presentation

1 / 7
About This Presentation
Title:

Accounts Receivable and Uncollectible Accounts FLASHCARDS

Description:

FLASHCARDS For additional reinforcement of accounting terms, visit the crossword puzzle on this Web site. Accounts Receivable and Uncollectible Accounts FLASHCARDS ... – PowerPoint PPT presentation

Number of Views:91
Avg rating:3.0/5.0
Slides: 8
Provided by: Glencoe365
Category:

less

Transcript and Presenter's Notes

Title: Accounts Receivable and Uncollectible Accounts FLASHCARDS


1
Accounts Receivable and Uncollectible Accounts
FLASHCARDS
2
Allowance method
Allowance method
A method of recording uncollectible accounts that
estimates losses from uncollectible accounts and
charges them to expense in the period when the
sales are recorded
3
Reinstate
Reinstate
To put back or restore an accounts receivable
amount that was previously written off
4
Valuation account
Valuation account
An account, such as Allowance for Doubtful
Accounts, whose balance is revalued or
reappraised in light of reasonable expectations
5
Direct charge-off method
Direct charge-off method
A method of recording uncollectible account
losses as they occur
6
Aging the accounts receivable
Aging the accounts receivable
Classifying accounts receivable balances
according to how long they have been outstanding
7
For additional reinforcement of accounting
terms, visit the crossword puzzle on this Web
site.
Write a Comment
User Comments (0)
About PowerShow.com