Which of the Following Are the Two Methods of Accounting

question 66

Multiple Choice

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

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

---

Definitions:

Technique

A particular method or way of doing something, often implying skillfulness and efficiency in performance or execution.

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

Ongoing Process

Describes a continuous operation or activity that is part of the regular functioning of a system or organization.

Best Processes

The most efficient and effective methods for accomplishing tasks and achieving objectives within an organization.