Which Method Is Not Allowed Under Generally Accepted Accounting Principles

question 21

Multiple Choice

Which method is not allowed under Generally Accepted Accounting Principles for the purpose of accounting for uncollectible accounts?

• A)Allowance method.
• B)Direct write-off method.
• C)Aging method.
• D)Percentage-of-receivables method.

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Definitions:

Temper

An individual's characteristic mood or emotional state, which can influence their behavior and reactions.

Executive

Pertains to the branch of a government or organization responsible for putting decisions or policies into effect, or referring to the higher-level administrative or managerial functions in a business.

Type B

Personality type characterized by a more relaxed, non-urgent approach to life, and less prone to stress compared to Type A personalities.

Achievement Oriented

A personality trait characterized by a constant pursuit of success and accomplishments through hard work and determination.