Time is a crucial resource that each business treasures and attempts to change into a advantage. In choosing document management application, focus on a clutterless and user-friendly interface that empowers customers. DocHub delivers cutting-edge features to maximize your document managing and transforms your PDF file editing into a matter of one click. Delete Mark into the Accounts Receivable Purchase Agreement with DocHub to save a lot of time and increase your efficiency.
Make PDF file editing an easy and intuitive process that will save you a lot of precious time. Quickly modify your files and send them for signing without having adopting third-party solutions. Focus on relevant tasks and boost your document managing with DocHub starting 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