Under GAAP, companies should report both the amount receivable from customers and an allowance for doubtful accounts.

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Under GAAP (Generally Accepted Accounting Principles), companies should report both the amount receivable from customers and an allowance for doubtful accounts to accurately reflect the estimated amount of uncollectible accounts receivable. This is required to ensure that financial statements are presented fairly and accurately.

Under GAAP, Companies Should Report Both the Amount Receivable from Customers