Which of the following methods of recording uncollectible accounts expense would be described best as an income statement method?

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The percentage of net sales method is considered an income statement method because it estimates the uncollectible accounts expense based on a percentage of net sales for the period. The accounts receivable aging method is considered a balance sheet method because it estimates the ending balance of the allowance for doubtful accounts based on the age of individual accounts receivable. The direct charge-off method is not a method for recording uncollectible accounts expense, as it directly reduces accounts receivable and does not use an allowance account.

Which of the Following Methods of Recording Uncollectible Accounts Expense