Establishing an Allowance for Doubtful Accounts under the allowance method is necessary because a. uncollectible accounts that are written off must be accumulated in a separate account. b. collection agencies use this account to accumulate attempts to collect worthless balances. c. estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected. d. a liability results when a credit sale is made.

Question

05-08-2019
Business

contestada

Establishing an Allowance for Doubtful Accounts under the allowance method is necessary because a. uncollectible accounts that are written off must be accumulated in a separate account. b. collection agencies use this account to accumulate attempts to collect worthless balances. c. estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected. d. a liability results when a credit sale is made.

Respuesta :

Otras preguntas

Please help!! I've attached a picture of the problem

What would you name this picture by Grant Wood? Please don't use the actual name.. will give branliest to the most creative!!

By its very nature, ____________ requires an understanding of human behavior to help managers better comprehend behaviors at different organizational levels, at

the part of the nervous system that is outside the central nervous system and comprises the cranial nerves excepting the optic nerve, the spinal nerves, and the

Describe the lifestyle of the people in stone age.

The GCF of 24 and 40 is _______. Numerical Answers Expected! Answer for Blank 1:

14x-76+8x+2=180 solve for x please help meeee

How does natural selection explain how populations can change?

Suppose, based on the earnings consensus of stock analysts, Brandon expects a return of 6.85% from the portfolio with the new weights. Does he think that the re

please help for bio

isyllus isyllus · Answer 1 · 2019-08-08T12:53:22+02:00

Answer: Establishing an Allowance for Doubtful Accounts under the allowance method is necessary because estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected.

Allowance for doubtful accounts is a diminution of accounts receivable and is recorded as a write-off straightaway beneath accounts receivable that is appearing on a organization balance sheet.