Category Archives: Bookkeeping

Rigney Inc uses the allowance method to estimate uncollectable accounts receivable. The company produced the following aging of the accounts receivable at year-end

Or, the company may have to find other sources of cash to pay its debts within the discount period. Preparation of an aging schedule may also help identify certain accounts that should be written off as uncollectible. As shown in the T-accounts below, this entry successfully changes the allowance from a $3,000 debit balance to […]

Retired teachers count on Texas voters for first cost-of-living increase in years

Since the calculation of variances can be difficult, we developed several business forms (for PRO members) to help you get started and to understand what the variances tell us. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. We’re firm believers in the Golden Rule, which […]

Reclassification education Wikipedia

The process of transferring an amount from one ledger account to another is termed as reclass entry. A reclass or reclassification, in accounting, is a journal entry transferring an amount from one general ledger account to another. The pharmacokinetics of zoledronic acid was not affected by race in patients with cancer and bone metastases. While […]