Which Method Is Not Allowed Under Generally Accepted Accounting Principles

question 109

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.

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Definitions:

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements.

Sales Performance

A measure of how effectively a company's sales team achieves sales goals.

Job Enrichment

A management strategy that enhances job satisfaction by adding more meaningful responsibilities, challenges, and autonomy to an employee's role.

Scientific-Management Approach

A theory of management that analyzes and synthesizes workflows with the objective of improving labor productivity and economic efficiency.