Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Nature of Business and Significant Accounting Policies: Accounts Receivable (Policies)

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Note 1 - Nature of Business and Significant Accounting Policies: Accounts Receivable (Policies)
9 Months Ended
May 31, 2017
Policies  
Accounts Receivable

Accounts Receivable

 

Trade accounts receivable are carried at their estimated collectible amounts.  Trade credit is generally extended on a short-term basis, thus trade receivables do not bear interest.  Trade accounts receivables are periodically evaluated for collectability based on past credit history and their current financial condition. The Company’s allowance for doubtful accounts was $2,000 as of May 31, 2017 and August 31, 2016, respectively.