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Valuation and Reporting of Receivables and Inventory

Valuation and Reporting of Receivables and Inventory. Chapter 6. Uncollectible Receivables. The matching principle requires that the expense related to uncollectible receivables must be recorded in the same period as the related revenue Often requires an estimate of uncollectible receivables

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Normal selling price - PowerPoint PPT Presentation

Valuation and Reporting of Receivables and Inventory