The direct write-off method is not allowed under GAAP because it violates the:
A)cost principle.
B)revenue recognition principle.
C)sales method.
D)expense recognition principle ("matching").

Name: The direct write-off method is not allowed under GAAP because it violates the: A)cost principle. B)revenue recognition principle. C)sales method. D)expense recognition principle ("matching").
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Question

Quizplus · Accepted Answer

GAAP does not allow the use of the direct write-off method because it violates the expense recognition principle.

The Direct Write-Off Method Is Not Allowed Under GAAP Because