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)decreasing a contra-asset account.

Question

Quizplus · Accepted Answer

Writing-off a specific customer's account receivable balance after it has been determined to be uncollectible involves decreasing the Allowance for Doubtful Accounts,a contra-asset account,and decreasing Accounts Receivable,an asset account.

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