Time is an important resource that each enterprise treasures and tries to convert into a reward. When selecting document management software program, pay attention to a clutterless and user-friendly interface that empowers users. DocHub gives cutting-edge tools to improve your file managing and transforms your PDF editing into a matter of a single click. Hide Tick to the Accounts Receivable Purchase Agreement with DocHub to save a ton of efforts and boost your productivity.
Make PDF editing an easy and intuitive process that will save you plenty of valuable time. Easily adjust your files and send them for signing without the need of switching to third-party alternatives. Focus on relevant duties and increase your file managing 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