The Advantage of the Allowance Method of Accounting for Uncollectible

question 55

True/False

The advantage of the allowance method of accounting for uncollectible accounts is that it identifies the specific customers who do not pay their bills.

---

Definitions:

Toner

A powder used in laser printers and photocopiers to form the printed text and images on paper.

Volatile

In computing, it refers to memory that requires power to maintain the stored information; it loses its content when the power is turned off.

Storage Location

A specific area in memory or on a storage device where data is kept.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing working data and machine code.