How does an accrual basis give better income? An accrual basis gives more income because you offer customers credits to buy the goods from you. When you sell, you will have more sales because people like to buy on credit as they have time to pay. Of course, when you write […]
Accounting for Bad debts in business. Accounting for bad debts in business is crucial. If not, you will not know the exact profitable amount in your industry. Bad debt expense relates to accounts receivable; these expenses are doubtful customer payments. Even in a prosperous economy, business failure is common, and businesses […]