a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

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06-10-2021
Business

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a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

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Ogorwyneidn Ogorwyneidn · Answer 1 · 2021-10-08T09:46:06-04:00

If a company recorded an event that had so effect on assets, income or cash flow, his action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

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