Under the Allowance Method,when a Company Determines That They Will

question 100

Multiple Choice

Under the allowance method,when a company determines that they will not be able to collect from a particular customer,they will debit:

• A)Uncollectible-Account Expense and credit Accounts Receivable.
• B)Accounts Receivable and credit Allowance for Uncollectible Accounts.
• C)Allowance for Uncollectible Accounts and credit Uncollectible Account Expense.
• D)Allowance for Uncollectible Accounts and credit Accounts Receivable.

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Definitions:

Decomposition Reaction

A chemical reaction in which a compound breaks down into two or more simpler substances.

CaCO3

Calcium carbonate, a common substance found in rocks as the minerals calcite and aragonite and in the shells of marine organisms, eggs, and snails, used in building material and as a dietary supplement.

Reaction Rate

The speed at which reactants are converted into products in a chemical reaction.

Reaction Measurement

The process of quantifying the progress, rate, or yield of a chemical reaction using various methods like spectroscopy, calorimetry, or chromatography.