In Estimating the Amount of Uncollectible Accounts the Accountant (1)

question 83

Multiple Choice

In estimating the amount of uncollectible accounts the accountant (1) estimates the amount of uncollectible accounts that will likely occur over time in connection with sales of each period and (2) makes an entry debiting Bad Debt expense and crediting Allowance for Uncollectible Accounts.The name of this procedure is/are the

• A)percentage-of-sales.
• B)aging-of-accounts-receivable.
• C)direct write-off.
• D)indirect write-off.
• E)tax accounting.

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Definitions:

Threat Message

Communication that warns of potential harm, encouraging individuals to take action to avoid negative consequences.

Advertising Work

The creation and execution of promotional material and campaigns to sell a product or service.

Coping with the Danger

Strategies or approaches used by individuals or communities to manage, mitigate, or adapt to threatening situations or environments.

Promotional Message

Communications designed to inform, persuade, or remind individuals about a product, service, or brand.