41
Chapter 2
Accounting for Receivables
AS-13 (
3
)
What pitfalls exist for a company that uses the income statement method for recording bad
debt expense?
AS-14 (
5
)
How do you interpret the DSO number? The ART ratio?
AS-15 (
4
)
Give two examples of accounting reports that can be generated involving accounts receivable.
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
