I’m stuck on a Accounting question and need an explanation.
Bad debts for accounts receivables are something that every organization needs to prepare for and also understand how to estimate and record the uncollectible accounts receivables for a certain period. To begin this assignment, please review the following that focuses on the two approaches to estimating uncollectible accounts.
Notepirate.(2014, January 14). Sales Method or Income Approach for Bad Debts Expense (Financial Accounting Tutorial #43). [Video file]. Retrieved from https://youtu.be/uE-umnuyRzQ
As you learned from the video, the two methods are the percentage-of-sales method and the percentage-of-receivables method. Based on the information that you have learned, you have been asked to create a PowerPoint presentation that provides the procedures for using both of the methods. In addition, you should provide your reasoning for which method that you believe the organization should use. Providing specific examples of how the methods are completed is also required. Must include a cover slide and reference slide.
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