Question: What is the normal journal entry for recording a loss on impairment under the allowance method? a) debit accounts receivable, credit allowance for expected credit

What is the normal journal entry for recording a loss on impairment under the allowance method?

a) debit accounts receivable, credit allowance for expected credit losses

b) debit allowance for expected credit losses, credit loss on impairment

c) debit loss on impairment, credit allowance for expected credit losses

d) debit allowance for expected credit losses, credit accounts receivable

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