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1. Please describe the difference between an accounts receivable and a notes receivable. 2. There are...

1. Please describe the difference between an accounts receivable and a notes receivable.

2. There are times when businesses cannot collect the money that is owed to them by their customers. When this happens, businesses incur an expense. There are two methods for recording uncollectible receivables. They are the allowance method and the direct write off method. Please explain the difference between these two methods.

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ekkarill92 answered 6 months ago
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