An accounting procedure that $(1)$ estimates and reports bad debt expense from credit sales during the period of the sales and $(2)$ reports accounts receivable at the amount of cash inflow that is expected from their collection is the

Question $19$ options:

$1)$

Aging of accounts receivable

$2)$

Adjustment method for uncollectible debts

$3)$

Cash basis method of accounting for bad debts

$4)$

Direct write$-$off method of accounting for bad debts

$5)$

Allowance method of accounting for bad debts