Question: The direct write - off method records bad debts expense only when a specific account becomes uncollectible, which is not always in the same period
The direct writeoff method records bad debts expense only when a specific account becomes uncollectible, which is not always in the same period as the sale. For this reason, the direct writeoff method violates the Blank principle.
Multiple choice question.
full disclosure
expense recognition
going concern
revenue recognition
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