The two methods of accounting for uncollectible receivables are ________.

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The two methods of accounting for uncollectible receivables are the allowance method and the direct write-off method. The allowance method involves estimating the amount of uncollectible receivables and creating an allowance account to reflect this estimate. The direct write-off method involves writing off uncollectible accounts only when they are actually determined to be uncollectible, without any prior estimation or allowance account. The allowance method is favored because it matches expenses with revenues, provides a more accurate representation of the company's financial position, and allows for better management of cash flow.

The Two Methods of Accounting for Uncollectible Receivables Are ________