If the Allowance Method of Accounting for Uncollectible Receivables Is

question 170

Multiple Choice

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

• A) Uncollectible Accounts Expense
• B) Allowance for Doubtful Accounts
• C) Accounts Receivable
• D) Interest Expense

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Definitions:

Organic Type

describes organizations that are flexible, adaptive, and characterized by less formal rules and decentralized decision-making.

Specialized Expertise

Advanced knowledge or skills in a specific field or area, gained through education, training, or experience.

Process Controls

The methods and procedures implemented to monitor and manage business processes to ensure efficient and effective operation and to meet goals and standards.

Line Units

Departments or teams directly involved in the core operations or primary purpose of an organization.