The ageing of accounts method is a balance sheet approach of estimating bad debts.

Name: The ageing of accounts method is a balance sheet approach of estimating bad debts.
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The statement is true. The ageing of accounts method involves categorizing accounts receivable based on the length of time outstanding and determining the likelihood of non-payment. This method helps in estimating the amount of bad debts that should be recorded on the balance sheet.

The Ageing of Accounts Method Is a Balance Sheet Approach