Ask Question
BusinessBusiness
7 November, 10:37

When does an account become uncollectible? A. when accounts receivable is converted into notes receivableB. when discount is availed on notes receivableC. there is no general rule for when an account becomes uncollectibleD. at the end of the fiscal year

+3
Answers (1)
  1. 7 November, 10:51
    0
    The correct answer is C. there is no general rule for when an account becomes uncollectible

    Explanation:

    An account receivable becomes uncollectible according to the policy established by the company. For example, the company can set a time limit, you can send the account to be attempted by a third party or even take legal action before considering an account as bad
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When does an account become uncollectible? A. when accounts receivable is converted into notes receivableB. when discount is availed on ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Describe the population growth curve of houseflies
Answers (1)
After your project team has completed the task to develop potential ideas to increase productivity, as the project team leader, what would be your FIRST step (message-sending process) when presenting your ideas for approval and further guidance.
Answers (1)
Mary works for a temporary employment agency as a clerical assistant. she earns minimum wage and the temporary agency will offer medical benefits when she works full-time for six consecutive months, which is difficult due to the intermittent nature
Answers (1)
On August 1, 2021, Reliable Software began developing a software program to allow individuals to customize their investment portfolios.
Answers (1)
g Judy recently purchased her first home for $220,000. She made a down payment of $20,000, and financed the balance over 15 years, at 9% interest.
Answers (1)
New Questions in Business
The last stage of the new-product development process is
Answers (1)
Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If Fantastic Frames increases sales by
Answers (1)
A trade show is usually focused on what? a. an employer b. an industry c. a school d. a craft
Answers (1)
The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets
Answers (1)
Select all maintenance procedures that may be performed in an office. update software replace printer cartridges clean copy machines install virus-protection software print copies to be distributed at a meeting
Answers (1)
Home » Business » When does an account become uncollectible? A. when accounts receivable is converted into notes receivableB. when discount is availed on notes receivableC. there is no general rule for when an account becomes uncollectibleD.
Sign Up Forgot Password?