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Bookkeeping

Bad Debt and Bad Debt Expense: Overview & Calculation Method

This is due to calculating bad expense using the direct write off method is not allowed in reporting purposes if the company has significant credit sales or big receivable balances. Bad Debt Expense increases (debit), and Allowance for Doubtful Accounts increases (credit) for $48,727.50 ($324,850 × 15%). Let’s consider that BWW had a $23,000 credit […]

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How to calculate cash flow: 7 cash flow formulas, calculations, and examples

Walmart’s cash flow was positive, showing an increase of $1.09 billion, which indicates that it retained cash in the business and added to its reserves to handle short-term liabilities and fluctuations in the future. To do this, make sure you locate the total cash inflow and the total cash outflow. By consistently monitoring and optimizing

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