Q1.How are the direct write-off method and the allowance method applied in accounting for uncollectible accounts receivables? Explain with examples
Q2. Explain what is meant by depreciation
Describe the methods of depreciation and give a numerical example for each method.
Q3. Why does the management of any companies analyze financial statements? Explain by using the different tools in analyzing financial statement with proper numerical example?
Q4. a) Explain the methods that can estimate bad debt expenses in business. (Give numerical examples) b.) Differentiate between Accounts receivable and Notes receivable.
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