When the allowance method is used,the write-off of an account receivable results in an expense at the time of write-off.

Name: When the allowance method is used,the write-off of an account receivable results in an expense at the time of write-off.
Brand: Quizplus
Rating: 4.7 (27 reviews)

Question

Quizplus · Accepted Answer

When using the allowance method, the expense is recognized earlier when the allowance for doubtful accounts is established, not at the time of the actual write-off of a specific account receivable.

When the Allowance Method Is Used,the Write-Off of an Account