Time is a crucial resource that every business treasures and tries to change into a benefit. In choosing document management software program, pay attention to a clutterless and user-friendly interface that empowers customers. DocHub provides cutting-edge tools to optimize your file managing and transforms your PDF file editing into a matter of one click. Remove Date to the Accounts Receivable Purchase Agreement with DocHub in order to save a ton of time as well as enhance your efficiency.
Make PDF file editing an easy and intuitive operation that will save you a lot of precious time. Easily modify your documents and send them for signing without having looking at third-party solutions. Concentrate on pertinent duties and boost your file managing 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