The Method in Which Companies Use Two Entries to Account

question 2

Short Answer

The method in which companies use two entries to account for bad debt expense- one to estimate the expense and a second to write off receivables is the ____________________.

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Definitions:

Candour

The quality of being open, honest, and straightforward in expression or communication.

Gain Understanding

To acquire knowledge or comprehension of a subject, situation, or concept.

Postponed

Delayed to a later time or date.

Negotiating Conflict

The process of resolving disagreements or disputes through communication and compromise to reach an agreement.