When the direct write-off method is used,the entry to write-off a specific account would:
A)increase net income.
B)have no effect on net income.
C)increase Accounts Receivable and increase net income.
D)decrease Accounts Receivable and decrease net income.

Question

Quizplus · Accepted Answer

When the direct write-off method is used,the entry to record a write-off includes a debit to Bad Debt Expense,which increases expenses and decreases net income,and a credit to Accounts Receivable,which decreases Accounts Receivable.

When the Direct Write-Off Method Is Used,the Entry to Write-Off