Blog

Usually, this occurs for retail companies that sell to individual customers. Examples of assets include cash, accounts receivable, inventory, prepaid insurance, investments, land, buildings, equipment and goodwill. Allowance for Doubtful Accounts decreases (debit) and Accounts Receivable for the specific customer also decreases (credit). Allowance https://www.bookstime.com/ for doubtful accounts decreases because the bad debt amount is… Đọc thêm Accounts Receivable: Definitions & Examples