Time is an important resource that every enterprise treasures and attempts to turn into a advantage. In choosing document management software program, focus on a clutterless and user-friendly interface that empowers consumers. DocHub offers cutting-edge tools to enhance your document management and transforms your PDF file editing into a matter of a single click. Remove Text Fields into the Accounts Receivable Purchase Agreement with DocHub in order to save a lot of time and enhance your productiveness.
Make PDF file editing an easy and intuitive operation that saves you a lot of valuable time. Quickly adjust your documents and send them for signing without the need of turning to third-party solutions. Give attention to pertinent duties and boost 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