A business usually knows at the end of the fiscal year which customer accounts will become uncollectible.

Name: A business usually knows at the end of the fiscal year which customer accounts will become uncollectible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Businesses often estimate the amount of uncollectible accounts based on past experience and current economic conditions, but they cannot know with certainty which specific customer accounts will become uncollectible at the end of the fiscal year.

A Business Usually Knows at the End of the Fiscal