If the amount of uncollectible accounts expense is understated at year end,
A)net Accounts Receivable will be understated.
B)total liabilities will be overstated.
C)net income will be understated.
D)Allowance for Uncollectible Accounts will be understated.

Question

Quizplus · Accepted Answer

Understating the amount of uncollectible accounts expense leads to an understatement of the Allowance for Uncollectible Accounts, as this allowance directly reflects the estimated uncollectible portion of accounts receivable.

If the Amount of Uncollectible Accounts Expense Is Understated at Year