Following Generally Accepted Accounting Principles,which Method of Estimating Uncollectible Accounts

question 69

Multiple Choice

Following Generally Accepted Accounting Principles,which method of estimating uncollectible accounts is NOT acceptable?

• A)allowance method
• B)percent-of-sales method
• C)aging-of-receivables method
• D)direct write-off method

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Definitions:

Knights

Historically, a warrior mounted on horseback or a person granted an honorary title of knighthood by a monarch or other political leader for service to the country or Church.

Capturing Forts

The military action of taking control of fortified enemy positions.

Different Allergen

A substance distinct from others that can induce an allergic reaction in certain individuals.

Food Contains Peanuts

A label indicating that a food product includes peanuts in its ingredients, important for allergy awareness.