After we consider the delay of depositing cash, next we turn
. After we consider the delay of depositing cash, next we turn our attention into how deposits are recorded and
then taken to the bank for deposit. What steps do we need to take to insure that all deposits are recorded and that the actual deposit is taken to the bank?
2. How do we know how much bad debt we should estimate and post at the end of each monthly period? What goes into our calculations on the allowance for bad debt?