The Account Allowance for Doubtful Accounts Is Necessary Because

question 70

Multiple Choice

The account Allowance for Doubtful Accounts is necessary because

• A)when recording bad debts expense, it is not possible to know which specific accounts will not be paid.
• B)uncollectible accounts that are written off must be accumulated in a separate account.
• C)a liability results when a credit sale is made.
• D)management needs to accumulate all the credit losses over the years.

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Instances where projects do not meet their intended objectives, often due to poor planning, execution, or management.

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