Under the Direct Write-Off Method, the Entry to Write Off

question 124

Multiple Choice

Under the direct write-off method, the entry to write off an uncollectible account would include a:

• A)credit to bad-debt expense.
• B)credit to allowance for doubtful accounts.
• C)debit to allowance for doubtful accounts.
• D)credit to the customer's account receivable.

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Definitions:

Disgusted

A feeling of strong disapproval or revulsion.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Fairness Bias

The tendency to prioritize fairness and equity in decision making and judgment, sometimes at the expense of other considerations.

Inheritance

The process by which genetic information is passed on from parents to their offspring, determining certain characteristics of the offspring.