The Two Methods of Accounting for Uncollectible Accounts Receivable Are

question 178

Multiple Choice

The two methods of accounting for uncollectible accounts receivable are ________.

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

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Definitions:

Value

The significance, value, or benefit of something to an individual.

Institutions

Established organizations or foundations, especially those dedicated to education, public service, or culture.

Auction Sites

Online platforms where goods or services are sold to the highest bidder through a competitive bidding process.

C2C Marketing

Consumer-to-consumer marketing, where individuals sell products or services to other consumers, often facilitated by digital platforms.