When this asset is purchased, the buyer should be sure to deduct those that they are deemed uncollectible.

Name: When this asset is purchased, the buyer should be sure to deduct those that they are deemed uncollectible.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Accounts receivable represent money that a company is owed from its customers, and some of these accounts may not be collectible. As such, the buyer should deduct those accounts that are deemed uncollectible to accurately reflect the true value of this asset.

When This Asset Is Purchased, the Buyer Should Be Sure