The Allowance for Doubtful Accounts Is Necessary Because

question 35

Multiple Choice

The Allowance for Doubtful Accounts is necessary because

• A)when recording uncollectible accounts expense, it is not possible to know which specific accounts will not pay.
• 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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Definitions:

Rehabilitation Psychologists

Professionals who specialize in helping individuals recover and improve their functioning after experiencing illness, injury, or disability.

Physically Disabled

Referring to individuals who have limitations on their physical functioning, mobility, dexterity, or stamina due to a bodily impairment.

Counterconditioning

A behavior therapy technique where an unwanted response is replaced with a more desirable one by associating the feared object with a new, more positive response.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation, combined with relaxation exercises.