What General Ledger Account Is Credited to Write Off a Customer's

question 79

Multiple Choice

What general ledger account is credited to write off a customer's account as uncollectible if using the allowance method for uncollectible receivables?

• A) Accounts Receivable
• B) Allowance for Doubtful Accounts
• C) Bad Debts Expense
• D) Bad Debts Recovered

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Definitions:

Self-Fulfilling

A belief or expectation that influences behavior in a way that causes the belief to become true.

Psychosocial Stages

Erik Erikson’s theory that development occurs through a predetermined unfolding of crises in personality across eight stages of human life.

Erikson's Stages

A theory of psychosocial development by Erik Erikson, outlining eight stages that a person typically goes through from infancy to late adulthood.