The existing balance in the Allowance for Doubtful Accounts is considered in computing bad debt expense when using the percentage-of-receivables basis. The existing balance is ignored when using the percentage-of-sales basis. The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the
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Home » Business » The existing balance in the Allowance for Doubtful Accounts is considered in computing bad debt expense when using the percentage-of-receivables basis. The existing balance is ignored when using the percentage-of-sales basis.