The write-off of a specific customer account receivable involves decreasing an asset account and:
A) increasing an expense account
B) decreasing a liability account
C) decreasing a revenue account
D) increasing a contra-asset account

Question

Quizplus · Accepted Answer

The write-off of a specific customer account receivable involves decreasing the asset account Accounts Receivable and increasing the contra-asset account Allowance for Doubtful Accounts. There is no expense, liability or revenue account involved in this transaction.

The Write-Off of a Specific Customer Account Receivable Involves Decreasing