Which type of adjusting entry is most likely to involve human judgment?
A)Uncollectible accounts
B)Accrued liabilities
C)Deferred revenue
D)Prepaid expenses

Question

Quizplus · Accepted Answer

Uncollectible accounts often require human judgment to estimate the amount of receivables that will not be collected, as it involves assessing the creditworthiness of customers and predicting future losses.

Which Type of Adjusting Entry Is Most Likely to Involve