The Matching Principle Permits the Use of the Direct Write-Off

question 194

True/False

The matching principle permits the use of the direct write-off method of accounting for uncollectible accounts when bad debts are very large in relation to a company's other financial statement items such as sales and net income.

---

Definitions:

Mental Functions

Cognitive, emotional, and behavioral activities that involve processing, understanding, and responding to internal and external environmental stimuli.

Sexually Active

Engaging in sexual behavior or activities, especially involving genital contact between individuals.

Older Adults

are individuals typically defined as being aged 65 years and older, often experiencing various health, social, and cognitive changes.

Holland's Personality Types

A theory of personality that categorizes individuals into six types - Realistic, Investigative, Artistic, Social, Enterprising, and Conventional - based on their interests and approach to life situations.