Under the Direct Charge-Off Method of Dealing with Uncollectible Accounts

question 13

Multiple Choice

Under the direct charge-off method of dealing with uncollectible accounts,

• A)revenues and expenses are properly matched.
• B)Accounts Receivable is shown on the balance sheet at net realizable value.
• C)Uncollectible Accounts Expense is recorded in the period of the sale.
• D)no Allowance for Uncollectible Accounts exists.