Which of the following are the two methods of accounting for uncollectable receivables?
A)The asset method and the sales method
B)The allowance method and the direct write- off method
C)The direct write- off method and the liability method
D)The allowance method and the liability method

Question

Quizplus · Accepted Answer

The two methods of accounting for uncollectable receivables are the allowance method and the direct write-off method.

Which of the Following Are the Two Methods of Accounting