Accounting Newsletter


September 29 2008 Accounting Newsletter

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Allowance for bad debt expense recording
With the decline in the economy corporations face many difficulties in accesing credit. This in turn undermines their ability to pay bills in time. It becomes a cycle and companies must reflect in their financial statments the net realizable value of their accounts receivable.

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Consuelo Herrera, CAMS, CFE, Accounting Editor

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