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
From 1970 to 1998 the U. S. dollar a. gained value compared to the Italian lira because inflation was higher in the U. S. b. lost value compared to the Italian lira because inflation was lower in the U. S. c.
Answers (1)
What can you learn about a consumer from the choices the person makes?
Answers (1)
Which of the following cases would most likely result in a team member engaging in social loafing? when valuable contributions of individual members are emphasized when rewards are linked to individual performance when the group size is at an
Answers (1)
You own a portfolio that has a total value of $130,000 and a beta of 1.28. You have another $49,000 to invest and you would like the beta of your portfolio to decrease to 1.18.
Answers (1)
All of the following factors should influence the decision to investigate a variance except: Multiple Choice a. Materiality of the variance amount. b. Frequency of occurrence. c. The direction of the variance (favorable or unfavorable). d.
Answers (1)
New Questions in Business
Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called installment credit an unsecured loan a secured credit card compounding interest
Answers (2)
Bond Company sells inventory to its subsidiary, Esquivel Company, at a profit during 2020. If Bond uses the cost method to account for its equity investment in Esquivel, which of the following would be credited in the consolidated worksheet for 2021?
Answers (2)
Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular.
Answers (1)
The APB partnership agreement specifies that partnership net income be allocated as follows: Partner A Partner P Partner B Salary allowance 30000 10000 40000 Interest on average capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital
Answers (1)
The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.
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?