Which one is False? Using the Direct Write off Method for Bad Debts is an example of the matching principle. Independent verification of data is one of the Key Controls to safeguarding assets O A Business with 4 seperate bank accounts, will record Cash transactions into 4 seperate GL Cash Accounts. Question 18 0.7 pts Which one is False ? The "Allowance for Un-Collectible Account" General Ledger Account is an Asset or "Contra Asset" Account. The Journal Entry to Write Off A Customer Account, Using the Allowance method, will include a Debit to the Bad Debt Expense Account. If we Write-Off a Customer Account Balance using the Allowance Method, the Net Realizable A/R amount will remain unchanged