Question: Match the method with the description. a.Allowance Method b. Direct Write Off Method for accounting for uncollectibles is based on the matching principle, recording uncollectible
Match the method with the description. a.Allowance Method b. Direct Write Off Method for accounting for uncollectibles is based on the matching principle, recording uncollectible expense in the same period as sales. Method has 2 approaches to estimate uncollectibles - Income Statement and Balance Sheet. Method does not estimate uncollectibles as a % of Sales, % of Accounts Receivable, or Aging of Accounts Receivable
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