What are the two Accounting methods for bad debts?

Group of answer choices

Direct write off and the Allowance method

The leverage and attack methods

Direct write off and Direct acceleration method

The elimination and converge method

Which statement is an advantage of using the allowance method.

Group of answer choices

It records estimated bad debts expense in the period when the related sales are recorded.

The method allows for a reduction in local taxes

The allowance method allows a company to take more deductions.

There is no advantage to using the allowance method.

The proper way to write off an uncollectable account, is to debit the allowance account and credit

Group of answer choices

account receivable

account payable

Cash

Inventory