Which of the Following Are the Two Methods of Accounting

question 48

Multiple Choice

Which of the following are the two methods of accounting for uncollectible receivables?

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

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Definitions:

Zero-Tolerance Policy

A strict policy that enforces immediate punishment for violations of a stated rule, with no allowances for accidental or minor infractions.

Drug Testing

The practice of testing individuals for the use of illegal or performance-enhancing drugs.

Behaviour

Behaviour refers to the actions or reactions of an individual or group in response to external or internal stimuli.