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:

Interviewing Skills

Competencies required to effectively conduct interviews, including asking relevant questions and actively listening to responses.

Confront Resistance

The act of facing and addressing opposition or reluctance.

Monitor Progress

The activity of regularly tracking and assessing the advancement or development of a project, goal, or individual's growth.

Underage Drinking

The consumption of alcoholic beverages by individuals below the legal age set by a country or jurisdiction.