When using the direct charge-off method,year-end adjustments for uncollectible accounts expense are not made.

Name: When using the direct charge-off method,year-end adjustments for uncollectible accounts expense are not made.
Brand: Quizplus
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Quizplus · Accepted Answer

The direct charge-off method involves writing off the uncollectible accounts directly as they are identified, and the expense is recognized at that time. Therefore, no year-end adjustments are necessary for uncollectible accounts expense.

When Using the Direct Charge-Off Method,year-End Adjustments for Uncollectible Accounts