In Recording the Year-End Adjusting Entry for Bad Debt Expense

question 62

Multiple Choice

In recording the year-end adjusting entry for bad debt expense, a company would do which of the following?

• A) Debit trade receivables.
• B) Credit trade receivables.
• C) Credit allowance for doubtful accounts.
• D) Debit allowance for doubtful accounts.

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Definitions:

Import Data

The process of bringing data from external sources into a software application or database for analysis, storage, or further processing.

Table Datasheet View

A spreadsheet-like view available in database applications where data is displayed in rows and columns, often used for editing or analyzing data.

Delete Field

The action or command in database and software applications to remove a column of data or a specific field from a table or form.

Input Mask

A method of controlling what data can be entered into a field by specifying a predefined format for the input.