which method does not involve any risk of bad debt
a) payment in advance
b) payment against shipment on consignment
c) open account
d) documentary bills
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The two methods used in estimating bad debtexpense are 1) Percentage of sales and 2) Percentage of receivables.
- Percentage of Sales.
- Percentage of sales involves determining what percentage of net credit sales or total credit sales is uncollectible.
- Percentage of Receivables.
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