Under the direct write-off method,bad debt expense is recorded at the time accounts are known to be uncollectible.

Name: Under the direct write-off method,bad debt expense is recorded at the time accounts are known to be uncollectible.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The direct write-off method records bad debt expense when a specific account is deemed uncollectible and is written off. This method is not considered the most accurate and is not in compliance with Generally Accepted Accounting Principles (GAAP).

Under the Direct Write-Off Method,bad Debt Expense Is Recorded at the Time