Under the direct write-off method,the entry to write off a customer's account would be:
A)Debit Bad Debt Expense,credit Allowance for Doubtful Accounts.
B)Debit Bad Debt Expense,credit Accounts Receivable.
C)Debit Write-off Expense,credit Accounts Receivable.
D)Debit Sales,credit Accounts Receivable.

Question

Quizplus · Accepted Answer

Under the direct write-off method, the entry to write off a customer's account would be to debit Bad Debt Expense and credit Accounts Receivable. This method is not generally accepted as it does not comply with the matching principle and is not effective in estimating bad debts.

Under the Direct Write-Off Method,the Entry to Write Off a Customer's