Which Accounting Concept Does the Direct Write-Off Method Violate

question 139

Multiple Choice

Which accounting concept does the direct write-off method violate?

• A)Total assets equal total liabilities plus total stockholders' equity.
• B)Recording amount owed within one year as current liabilities.
• C)Recognizing revenue when goods or services are provided to customers.
• D)An attempt to match revenues and their related expenses.

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Definitions:

Mental Health Issues

Conditions that affect a person's thinking, feeling, behavior, or mood, often requiring medical diagnosis and treatment.

Work-family Conflicts

Situations where the demands of work and family roles are incompatible and interfere with each other.

Employee Right

Legal or moral entitlements pertaining to workplace safety, remuneration, privacy, and freedom from discrimination among other aspects of employment.

Hazards

Potential sources of harm or adverse health effects on individuals or populations.