When using the aging method, the amount calculated to be the uncollectible accounts is always the amount used for the adjusting entry at the end of the period.

Question

Quizplus · Accepted Answer

The amount calculated using the aging method is an estimate of the uncollectible accounts, but the actual adjusting entry amount may be adjusted based on other factors such as previous experience, current economic conditions, or management's judgment.

When Using the Aging Method, the Amount Calculated to Be