[资料]财务管帐 双语教授教化 Financial Accounting Weygandt Kieso Kimmel ch09.pptVIP

Receivables are current assets on the balance sheet They are stated at net realizable value, the amount expected to be received in cash. Uncollectible A/R are accounted for using two methods No entries are made for bad debts until an account is determined to be uncollectible at which time the loss is charged to bad debts expense. Bad debt expense shows only actual losses. Not acceptable for financial reporting purposes unless losses are insignificant. The allowance method is required when bad debts are material. Uncollectible accounts are estimated The expense is matched against sales in the