The direct write-off method of recognizing uncollectible accounts expense:
A. Is acceptable only when most of the company's sales are on credit.
B. Records uncollectible accounts expense when individual accounts receivable are determined to be worthless.
C. Records uncollectible accounts expense when customers exceed their credit limits.
D. Uses a valuation account to record specific customer accounts deemed uncollectible.
B
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A centralized knowledge base of all data definitions, data relationships, screen and report formats, and other system components is called a(n):
A) index. B) data warehouse. C) repository. D) database management system.
Unrelated diversification may be an especially effective strategy when an organization's basic industry is experiencing increasing annual sales and profits
Indicate whether the statement is true or false