Time is an important resource that every organization treasures and attempts to convert in a benefit. When choosing document management software, pay attention to a clutterless and user-friendly interface that empowers consumers. DocHub gives cutting-edge features to enhance your file administration and transforms your PDF editing into a matter of one click. Delete Electronic Signature from the Accounts Receivable Financing Agreement with DocHub in order to save a lot of efforts and improve your productivity.
Make PDF editing an easy and intuitive process that helps save you plenty of valuable time. Easily change your files and give them for signing without the need of turning to third-party options. Give attention to pertinent duties and improve your file administration with DocHub today.
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