The direct write-off method is generally not permitted for financial reporting purposes because

1 answer:

5 0

Because it goes against the established matching principle of accounting, the direct write-off method is generally not permitted for financial reporting purposes.

<h3>What is the matching principle in accounting?</h3>

This principle basically says for every credit entry on the balance sheet, a corresponding debit entry should be placed. In other words, in any financial report, expenses should be tied together with income/revenue in other to make the financial state of the business clearer. Hence, using a direct write-off method would go against this accounting principle.

You can learn more about the matching principle here brainly.com/question/15700799

#SPJ1

You might be interested in

Which of the following molecules is solid at room temperature?.

VashaNatasha [74]

The given option that has molecules that are solid at room temperature is; D: Saturated Fats

<h3>Molecules at room temperature </h3>

Fatty acids are organic compounds that are poorly soluble in water but soluble in organic solvents.

The two main types of fatty acids are Saturated fatty acids and Unsaturated fatty acid.

Saturated fatty acids contains no double bond in their carbon chains and as such they are solids at room temperature.

Meanwhile, Unsaturated fatty acids contains double bonds in their carbon chains and are thus liquids at room temperature.

The missing options are;

A) Both saturated and unsaturated fats

B) Cholesterol

C) Saturated fats

D) Unsaturated fats

Read more about molecules at room temperature at; brainly.com/question/17481964

8 0

3 years ago

If you are interested in working for a specific company, what type of job site should you look at for opening?

Ira Lisetskai [31]

Answer:

C. Company site

Explanation:

The company site may have a list of jobs relating to thier company.

6 0

3 years ago

Which part of the tourism skills assessment task did you struggle with the most and why.

3241004551 [841]

The challenges I have encountered during assessment in terms of tourism skills is linking reliable, valid, and right learning assessment methods and tools to some of the course learning objectives. This may be due to my level of comprehension.

<h3>What is Tourism?</h3>

This is known to be a kind of social, cultural and economic situation that is based on the movement of people to countries or places outside their normal environment for different reasons.

The types of tourism are: