Question

If the allowance method of accounting for uncollectible receivables is used, what general ledger account is debited to write off a customer's account as uncollectible?

Answer 1

Accounts Receivable account is debited to write off a customer's account as uncollectible.

Accounts receivable is an asset account on the balance sheet that represents money owed to a company in the short term. Accounts receivable arise when a company lets a buyer purchase its goods or services on credit.

Accounts Receivable, AR or A/R for short, is a legally enforceable claim for payment by an entrepreneur for goods delivered or services rendered ordered by a customer but not paid for.

A receivable is an amount owed by a customer to a company for billable products or services. The total amount of all accounts receivable is included as a current asset on the balance sheet and includes invoices for items or work performed on credit to customers.

Learn more about Accounts Receivable here: brainly.com/question/24848903

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