Under the direct write-off method, when is bad debt expense (uncollectible accounts expense) recognized? Under the...

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Accounting

Under the direct write-off method, when is bad debt expense(uncollectible accounts expense) recognized? Under the allowancemethod, when is bad debt expense recognized? Name 1 reason why thedirect write-off method is NOT allowed by FASB?

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Solution Under the direct write off method bad debt expense is recognised when a debtors account is actually written off after determining that the particular balance is not collectible Whereas in the allowance methoda proportion of debt See Answer

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Under the direct write-off method, when is bad debt expense (uncollectible accounts expense) recognized? Under the...

50.1K

Verified Solution

Question

Accounting

Under the direct write-off method, when is bad debt expense(uncollectible accounts expense) recognized? Under the allowancemethod, when is bad debt expense recognized? Name 1 reason why thedirect write-off method is NOT allowed by FASB?

Answer & Explanation Solved by verified expert

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