Acc/291 Week 1 DQs
Week 1, DQ 1:
How would you describe the entries to record the disposition of accounts receivables? What is their function?
Week 1, DQ 2:
How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method?
Week 1, DQ 3:
Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?
Week 1, DQ 4:
What is the difference between revenue expenditures and capital expenditures during a useful life? Are there similarities?