If the Allowance Method of Accounting for Uncollectible Receivables Is

question 22

Multiple Choice

If the allowance method of accounting for uncollectible receivables is used,what general ledger account is credited to write off a customer's account as uncollectible?

• A)Bad Debts Expense
• B)Accounts Receivable
• C)Accounts Payable
• D)Bad Debts Recovered

---

Definitions:

Cross-functional Teams

Groups composed of members from different departments or areas of expertise, working together towards a common goal.

Uniqueness Advantage

The competitive advantage gained by a business or product due to being unique or different in a way that is valuable to consumers.

Open Communication

Involves the unrestricted flow of information within an organization, encouraging transparency, facilitating feedback, and fostering a culture of trust among employees and management.

Interpersonal Skills

Skills used by individuals to interact effectively with others, including communication, empathy, and conflict resolution.