Respuesta :
Remove the account's related allowance and uncollectible balance from the accounting records.
Accountancy, another name for accounting, is the measurement, processing, and exchange of financial and non-financial information concerning economic entities like corporations and businesses. Accounting also referred to as the "language of business," quantifies the outcomes of an organization's financial actions and disseminates this data to a range of stakeholders, including investors, creditors, management, and regulators. Accounting professionals are referred to as accountants. Financial reporting and accounting are frequently used interchangeably.
Financial accounting, management accounting, tax accounting, and cost accounting are just a few of the different categories that accounting may be broken down into. The primary focus of financial accounting is on reporting financial information about a company, including the creation of financial statements, to the information's external users, including investors, regulators, and suppliers.
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