2. November 2023, gepostet in BookkeepingWhat Is Accounts Receivable? What Kind of Account Is Accounts Receivable?

Remember that the allowance for uncollectible accounts is just an estimate of how much you won’t collect from your customers. Once it becomes clear that a specific customer won’t pay, there’s no longer any ambiguity about who won’t pay. When Keith gets your invoice, he’ll record it as an accounts payable in his general ledger,…

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