The percentage of sales basis of estimating expected uncollectibles
A) emphasizes the matching of expenses with revenues.
B) emphasizes balance sheet relationships.
C) emphasizes cash realizable value.
D) is not generally accepted as a basis for estimating bad debts.

Question

Quizplus · Accepted Answer

The percentage of sales basis of estimating expected uncollectibles emphasizes the matching of expenses with revenues, aligning bad debt expense with the period in which the related sales are recorded.

The Percentage of Sales Basis of Estimating Expected Uncollectibles