contestada

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?

a. Uncollectible Accounts Expense
b. Accounts Receivable
c. Interest Expense
d. Allowance for Doubtful Accounts

Respuesta :

tutordamola

Answer:

The answer is D. Allowance for Doubtful Debt.

Explanation:

Allowance for Doubtful Debt reduces accounts receivable.

To write off an estimated amount that wont be received from a company receivables, the general ledge is the allowance for doubtful debt which is a contra asset account.

Otras preguntas