when do you record the expense for bad debts using- (A) the direct wrtie off method (B)...

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Question

Accounting

when do you record the expense for bad debts using-
(A) the direct wrtie off method
(B) the allowance method
Explain in detail.

Answer & Explanation Solved by verified expert

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Answer A When using Direct Write Off Method Bad Debt expense is recorded when an ACCOUNTS RECEIVABLE actually becomes uncollectible No provision is made under this method based on any assumption or estimate Whenever an account receivables fails to pay hisher dues the amount is recorded as Bad Debt Expense See Answer

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when do you record the expense for bad debts using- (A) the direct wrtie off method (B)...

90.2K

Verified Solution

Question

Accounting

when do you record the expense for bad debts using-
(A) the direct wrtie off method
(B) the allowance method
Explain in detail.

Answer & Explanation Solved by verified expert

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when do you record the expense for bad debts using- (A) the direct wrtie off method (B)...

90.2K

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Accounting

when do you record the expense for bad debts using-(A) the direct wrtie off method(B) the allowance methodExplain in detail.

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Transcribed Image Text

Other questions asked by students

when do you record the expense for bad debts using-
(A) the direct wrtie off method
(B) the allowance method
Explain in detail.