Bad Debt Expense is also called
A)the Provision for Bad Debts and the Provision for Uncollectible Accounts.
B)the Provision for Bad Debts, only.
C)the Provision for Uncollectible Accounts, only.
D)the direct write-off method, only.
E)the indirect write-off method, only.

Question

Quizplus · Accepted Answer

Bad Debt Expense is commonly referred to as the provision for bad debts or the provision for uncollectible accounts. Both terms are used interchangeably to refer to the estimated amount of accounts receivable that will not be collected. The provision is recorded as an expense on the income statement and reduces the carrying value of the accounts receivable on the balance sheet.

Bad Debt Expense Is Also Called