Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Which method of recording uncollectible accounts expanse is consistent with accrual accounting?
Direct
Allowance write-off
A.
Yes
Yes
O B. Yes
No
O C. No
Yes
O D. No
No

Sagot :

GinnyAnswer

Final answer:

In accrual accounting, the allowance write-off method is used to record uncollectible accounts expenses, aligning with revenue recognition principles.


Explanation:

Accrual accounting requires matching expenses with revenues in the same accounting period they are incurred, regardless of when the cash is received or paid. When recording uncollectible accounts in accrual accounting, the method consistent with this principle is allowance write-off. This method involves estimating and recording an allowance for doubtful accounts to match the expense with the revenue.


Learn more about Recording Uncollectible Accounts Expenses in Accrual Accounting here:

https://brainly.com/question/30324781


Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.