Q3: What two methods can we use to ‘write-off’ bad debts periodically?
A:
Bad debts need to be written-off periodically in our accounts. There are two ways we can do this: the ‘allowance method’ and the ‘direct write-off method’.
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Q3: What two methods can we use to ‘write-off’ bad debts periodically?
A:
Bad debts need to be written-off periodically in our accounts. There are two ways we can do this: the ‘allowance method’ and the ‘direct write-off method’.
