The method based on the Accounts Receivable amount and the aging process is called:
A) income statement approach.
B) direct write off method.
C) balance sheet approach.
D) None of these answers is correct.

Question

Quizplus · Accepted Answer

The method based on the Accounts Receivable amount and the aging process is referred to as the balance sheet approach, as it focuses on estimating the allowance for doubtful accounts based on the outstanding receivables' aging analysis.

The Method Based on the Accounts Receivable Amount and the Aging