The journal entry to remove a specific customer's account,once it identified as uncollectible,would ______ net accounts receivable.
A)increase
B)decrease
C)not affect
D)eliminate

Question

Quizplus · Accepted Answer

Writing off an uncollectible account decreases accounts receivable and the allowance for doubtful accounts by the same amount, leaving net accounts receivable unchanged.

The Journal Entry to Remove a Specific Customer's Account,once It