Ask Question
BusinessBusiness
14 March, 20:06

Proper authorization of write-offs of uncollectible accounts should be approved in which of the following departments? A. Accounts receivableB. CreditC. Accounts payableD. Chief financial officer

+5
Answers (1)
  1. 14 March, 20:34
    0
    Answer: B) credit

    Explanation:

    In a particular firm or bank, one of the functions of the credit department is that they are in charge of lending out loans, selling products on credit, and also identification and authorization of write-offs of account uncollectible. Account uncollectible are receivables or debts that may most likely not be paid back, due to the condition of the debtor.

    Credit department also assess debtors to determine who to lend money to, and also to approve loans and credits.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Proper authorization of write-offs of uncollectible accounts should be approved in which of the following departments? A. Accounts ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What features of our election preserve our Liberty
Answers (1)
Austin Financial recently announced that its net income increased sharply from the previous year, yet its net cash provided from operations declined. What could explain this performanceAC
Answers (2)
Which of the following is the formula for calculating the lifetime value of a customer? A. The amount a person will spend times the cost to maintain the relationship. B.
Answers (1)
A charity plans to invest annual payments of $60,000, $70,000, $75,000, and $50,000, respectively, over the next four years. The first payment will be invested one year from today. Assuming the investment earns 5.
Answers (1)
Roland Company operates a small factory in which it manufactures two products: A and B. Production and sales result for last year were as follow: A B Units sold 8,000 16,000 Selling price per unit 65 52 Variable costs per unit 35 30 Fixed costs per
Answers (1)
New Questions in Business
Market failure occurs when Question 22 options: an unrestrained market economy leads to too few or too many resources going to a specific economic activity. one good is superior to another and drives it out of the market.
Answers (1)
Using accrual accounting, revenues are recorded a. when cash is received at the time services are performed or products have been delivered to customers b.
Answers (1)
On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. During the month, Great Designs purchased $463 and $420 of office supplies and journalized them to the asset account upon purchasing.
Answers (1)
Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.
Answers (1)
One of your friends states that "operations management and supply chain management are primarily of interest to manufacturing firms." Is this true or false? Give some examples to support your answer
Answers (1)
Home » Business » Proper authorization of write-offs of uncollectible accounts should be approved in which of the following departments? A. Accounts receivableB. CreditC. Accounts payableD. Chief financial officer
Sign Up Forgot Password?