The Two Methods of Accounting for Uncollectible Receivables Are ________

question 146

Multiple Choice

The two methods of accounting for uncollectible receivables are ________.

• A)the direct write-off method and the liability method
• B)the asset method and the sales method
• C)the allowance method and the liability method
• D)the allowance method and the direct write-off method

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Definitions:

High-tech Sector

Industries involved in producing or using advanced technological products or services, often characterized by rapid innovation.

Key-account Sellers

Sales professionals specialized in managing and nurturing relationships with an organization's most important clients or accounts.

Order-taker Salespeople

Sales staff whose primary role is to take and process orders rather than actively sell a product or service.

Consultative Seller

A sales approach where the seller acts more as an advisor, understanding the needs of the buyer and offering solutions that specifically address those needs, rather than just pushing for a sale.