Under the allowance method of accounting for uncollectible accounts receivable,no estimate is made to predict bad debts expense.

Name: Under the allowance method of accounting for uncollectible accounts receivable,no estimate is made to predict bad debts expense.
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Under the allowance method, an estimate is made to predict bad debts expense and create an allowance for doubtful accounts. This allowance account is used to reduce the accounts receivable balance to its net realizable value.

Under the Allowance Method of Accounting for Uncollectible Accounts Receivable,no