Question: 1) Why does the direct write-off method of accounting for bad debts usually fail to match revenues and expenses? How does the allowance method better

1) Why does the direct write-off method of accounting for bad debts usually fail to match revenues and expenses? How does the allowance method better address matching revenues and expenses? 2) Why might a business prefer a note receivable to an account receivable? 3) What characteristics of a plant asset make it different from other assets? Why do plant assets depreciate? What is the purpose of the accumulated depreciation account? 4) What are the characteristics of intangible assets? What general procedures are applied in accounting for the acquisition and potential cost allocation of intangible assets

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Why does the direct write-off method of accounting for bad debts usually fail to match revenues and expenses?

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Why does the direct write-off method of accounting for bad debts usually fail to match revenues and expenses?

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