{"id":428672,"date":"2018-10-06T10:29:22","date_gmt":"2018-10-06T10:29:22","guid":{"rendered":"https:\/\/acemystudy.com\/allowance-for-doubtful-accounts\/"},"modified":"2018-10-24T08:46:22","modified_gmt":"2018-10-24T08:46:22","slug":"allowance-for-doubtful-accounts","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/allowance-for-doubtful-accounts\/","title":{"rendered":"Allowance for Doubtful Accounts"},"content":{"rendered":"<p><strong>Allowance for Doubtful Accounts<br \/>\n<\/strong><br \/>\nA firm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the period&#8217;s sales on account. After seven years, the balance in Allowance for Doubtful Accounts has become very large in relationship to the balance in Accounts Receivable. Give two possible explanations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allowance for Doubtful Accounts A firm has consistently adjusted its allowance account at the end of the fiscal year by adding a fixed percent of the period&#8217;s sales on account. After seven years, the balance in Allowance for Doubtful Accounts <a href=\"https:\/\/www.benedictsol.com\/blogs\/allowance-for-doubtful-accounts\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-428672","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/428672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=428672"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/428672\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=428672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=428672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=428672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}