The direct write off method of accounting for the impairment of receivables
A)is never acceptable.
B)is an acceptable method when the effect of not applying the allowance method would be
Highly immaterial.
C)is specifically disallowed under IFRS.
D)usually results in the same net income as the allowance method.

Question

Quizplus · Accepted Answer

The Answer of The direct write off method of accounting for the impairment of receivables
A)is never acceptable.
B)is an acceptable method when the effect of not applying the allowance method would be
Highly immaterial.
C)is specifically disallowed under IFRS.
D)usually results in the same net income as the allowance method.

The Direct Write Off Method of Accounting for the Impairment