Under the allowance method, when an account is written off, total assets decrease

Name: Under the allowance method, when an account is written off, total assets decrease
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Under the allowance method, when an account is written off, it does not affect total assets because the write-off is made against the allowance for doubtful accounts, which is already accounted for as a reduction of accounts receivable in the balance sheet.

Under the Allowance Method, When an Account Is Written Off