Time is a vital resource that each organization treasures and attempts to convert in a advantage. In choosing document management application, be aware of a clutterless and user-friendly interface that empowers users. DocHub offers cutting-edge tools to improve your document management and transforms your PDF file editing into a matter of one click. Delete Cross Out Option in the Accounts Receivable Purchase Agreement with DocHub to save a ton of time and increase your productivity.
Make PDF file editing an simple and intuitive operation that saves you plenty of precious time. Easily change your files and send out them for signing without having switching to third-party solutions. Concentrate on relevant duties and enhance your document management with DocHub right now.
in this video were going to talk about what journal entries to make when your firm collects an accounts receivable that was already written off that was already deemed uncollectible and how you would go about reversing that so lets take an example lets say that your firm is a clothing store and you extend credit your firm extends credit to creditworthy customers someone buys a dress but then they dont pay $50 right they owed you $50 for this dress they dont pay so then its thats uncollectible lets say they went bankrupt so they go they go bankrupt and what journal entry are we gonna make for this does non payment of $50 well were gonna debit allowance for doubtful accounts allowance for doubtful accounts and why are a debit is going to decrease allowance for doubtful accounts and why are we debiting this why are we decreasing it well because allowance for doubtful accounts was an estimate and were no longer it were passed the estimate stage this person went bankrupt they didn