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Learning ObjectivesLO1 Explain the purpose of the allowance
method for recording losses from
uncollectible accounts.
LO2 Estimate uncollectible accounts expense
using an aging of accounts receivable.
LO3
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Start by obtaining a LO1 Explain form from the appropriate institution or department.
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03
Begin by filling out the personal details section, which may include your name, contact information, and any relevant identification numbers.
04
Move on to the main section of the form, where you will need to clearly explain the purpose of your request or situation that requires an explanation.
05
Provide all necessary supporting documentation, such as official letters, medical reports, or legal documents that are relevant to your situation.
06
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The LO1 Explain form purpose is typically needed by individuals who require an explanation or justification for a specific request or situation. This can include students explaining absences from classes or exams, employees providing reasons for leave of absence, individuals seeking visa extensions or explanations for discrepancies in their applications, among others. The specific requirements and eligibility criteria may vary depending on the institution or department requesting the form, so it is essential to verify the need with the appropriate authority.
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