Match each description to the appropriate term (a-d). Each term may be used more than once.
-This method records bad debts when specific accounts are deemed uncollectible.
A)Direct write-off method
B)Aging of receivables method
C)Percent of sales method
D)Allowance method

Question

Quizplus · Accepted Answer

The direct write-off method records bad debts at the moment an account is deemed uncollectible, directly adjusting the accounts receivable balance without estimating future bad debts.

Match Each Description to the Appropriate Term (A-D)