Windsor Uses the Balance Sheet Approach in Estimating Uncollectible Accounts

question 103

Multiple Choice

Windsor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $7,400. The net realizable value of Windsor's accounts receivable in the January 31 balance sheet is:

• A) $321,400.
• B) $340,000.
• C) $322,600.
• D) $347,400.

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Definitions:

Procurement Portals

Online platforms that facilitate the processes involved in acquiring goods and services, allowing buyers to connect with suppliers, submit requests, and manage transactions.

Business Processes

Structured activities or tasks that produce a specific service or product for a particular group of customers.

SCM

Supply Chain Management; it involves the management of the flow of goods and services.

ERP

Enterprise Resource Planning is software utilized by companies for the daily management of business operations including accounting, procurement, project management, and manufacturing.