When a specific account receivable is written off,the entry
A)increases net income.
B)decreases net income.
C)can either decrease or increase net income.
D)has no effect on net income.

Question

Quizplus · Accepted Answer

Writing off a specific account receivable is an adjustment against the allowance for doubtful accounts, which has already been estimated and expensed. Therefore, it does not affect the current period's net income.

When a Specific Account Receivable Is Written Off,the Entry