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Financial Accounting Questions and Answers (Q&A)

F.Brian
Answered: Jan 29, 2018
In the event that a company would use the allowance method of accounting for uncollectible accounts and writes off a specific account net accounts receivable would not change. To clarify a few...Read More

2 Answers

245 views
John Smith
Answered: Aug 08, 2020
Debit Fixed Asset Disposal and Credit Fixed Asset Cost

1 Answer

242 views
C.Dorothy
Answered: Apr 18, 2018
The interest revenue off this $100,000 should be $8,000. This is actually fairly easy calculation. First, you divide $100,000 by .08. This gives you $8,000. That is literally all you need to do...Read More

2 Answers

221 views
Chris Evins, College Student
Answered: Sep 30, 2019
Posted balance is the amount of balance you see in your bank account and is physically available for use. It is calculated as the outcome of a transaction which was executed in the...Read More

2 Answers

214 views

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