If the Allowance Method of Accounting for Uncollectible Receivables Is

question 170

Multiple Choice

If the allowance method of accounting for uncollectible receivables is used, what general ledger account is debited to write off a customer's account as uncollectible?

• A) Uncollectible Accounts Expense
• B) Allowance for Doubtful Accounts
• C) Accounts Receivable
• D) Interest Expense

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Definitions:

HRM

Human Resource Management, the practice of recruiting, hiring, deploying, and managing an organization's employees.

Mean

A measure of central tendency that is calculated by adding all numbers in a data set and dividing by the number of observations.

Median

Value of a variable that splits a distribution of scores in half, with the same number of scores above the median as below.