Time is an important resource that each enterprise treasures and tries to transform in a reward. When selecting document management application, focus on a clutterless and user-friendly interface that empowers consumers. DocHub gives cutting-edge instruments to enhance your file administration and transforms your PDF editing into a matter of a single click. Remove Words to the Accounts Receivable Purchase Agreement with DocHub to save a ton of efforts and increase your productivity.
Make PDF editing an easy and intuitive operation that helps save you plenty of precious time. Quickly alter your files and give them for signing without having turning to third-party solutions. Concentrate on relevant tasks and improve your file administration 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