The percent of sales method for estimating bad debts assumes that a given percent of a...
The percent of sales method for estimating bad debts assumes that a given percent of a company's credit sales for the period are uncollectible. TRUE/FALSE
Homework Answers
The statement is true, as percentage of sales method for estimating bad debt estimates uncollectible accounts from the credit sales of a given period.
Bad Debt Expense = Net credit sales x Percentage estimated as uncollectible
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The percent of sales method for estimating bad debts assumes
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