I'm confused when I look at a question about Allowance for Doubtful
"As the VP Finance, what action(s) would you take in light of the
balance in the allowance for doubtful accounts?"
I understand that the large writeoffs occurred during the year would
need to be investigated. Would the following need to be revised upon
anyway, regardless of the economic situation?
- determine whether credit checks on customers are sufficient
- need to re-evaluate factor given present economic situation
- posted 11 years ago