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

question 50

Multiple Choice

Under the direct write- off method, the entry to record the estimated bad debts:

• A)debits Allowance for Uncollectible Accounts and credits Accounts Receivable.
• B)debits Uncollectible Accounts Expense and credits Allowance for Uncollectible Accounts.
• C)debits Accounts Receivable and credits Allowance for Uncollectible Accounts.
• D)does not require a journal entry.

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Definitions:

Labour Hours

The total number of hours worked by all employees in a given period, often used to measure workforce productivity.

Labour Productivity

a measure of economic performance that calculates the amount of goods and services produced per hour worked by employees.

Multifactor Productivity

An indicator of economic efficiency that assesses the ratio of total goods and services output to the sum of inputs employed in their production.