Under the allowance method,when a company determines that a specific customer's Accounts Receivable will not be collected,its accounting department will debit:
A)Uncollectible-Account Expense and credit Accounts Receivable.
B)Accounts Receivable and credit Allowance for Uncollectible Accounts.
C)Allowance for Uncollectible Accounts and credit Uncollectible Account Expense.
D)Allowance for Uncollectible Accounts and credit Accounts Receivable.

Question

Quizplus · Accepted Answer

Under the allowance method, when a specific account is deemed uncollectible, the company debits the Allowance for Uncollectible Accounts and credits Accounts Receivable to write off the bad debt.

Under the Allowance Method,when a Company Determines That a Specific