©2003 Prentice Hall Business Publishing, Auditing and Assurance Services 9/e, Arens/Elder/Beasley Charge-off of Uncollectible Accounts Transaction Accounts Business Functions Documents and Records Accounts receivable (credit) Allowance for uncollectible accounts (debit) No I/S effect – for known uncollectibles Charging off uncollectible accounts receivable – Authorization, Doc., Separation from cash handling Uncollectible account authorization form A/R master files and G/L
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