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Allowance for Doubtful Accounts Definition, Journal Entries

05/08/202509/09/2020 by dummy_store_1

Including an allowance for doubtful accounts in your accounting can help you plan ahead and avoid cash flow problems when payments don’t come in as QuickBooks expected. Although each account has a normal balance in practice it is possible for any account to have either a debit or a credit balance depending on the bookkeeping … Read moreAllowance for Doubtful Accounts Definition, Journal Entries