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ArbitrLikvidat [17]
3 years ago
14

The direct write-off method of accounting for uncollectible accounts Group of answer choices a) emphasizes cash realizable value

. b) emphasizes the historical cost principle. c) is not generally accepted as a basis for estimating bad debts. d) emphasizes balance sheet relationships. e) emphasizes the matching of expenses with revenues.
Business
1 answer:
Deffense [45]3 years ago
8 0

In general, the direct debit system for accounts not received is not recognized as a basis to calculate bad debts.

Option-c

<u> Explanation: </u>

However, some transactions may not be received on record. Customers are split, unable to pay, and usually lack the morals to conclude a half of the contract. Certainly, a corporation has legal recourse to seek to recover these accounts, but they often fail.

In addition, an accounting system to calculate and document these non-collectible products is required. Unrecoverable loans are often named "bad debts”. This method is a simple way of paying for purchased intangible assets. This method excludes a particular account payable at that time it is eventually considered uncollectible from bank records.

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