Question (1) indicate whether the following sentences are True or False and correct the False one(s) only

1. Direct write off method of uncollectible accounts achieve better matching and required by GAAP.
2. To record the estimated uncollectible accounts receivable, companies debit Allowance for Doubtful Accounts and credit Accounts Receivable.
3. Allowance method is accepted by GAAP.
4. Outstanding checks are added to the balance per company records.
5. Non-sufficient funds (NSF) are deducted from the balance per bank statement.
6. Direct write off method did not state accounts receivable (AR) at net realizable value

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