Which of the following provides an accurate match?

Question

Quizplus · Accepted Answer

Each option accurately describes a method or principle related to accounting for receivables. A) The percentage-of-receivables method ensures assets are reported closer to their net realizable value by estimating uncollectible accounts based on a percentage of the outstanding receivables. B) The allowance method involves reporting receivables net of estimated uncollectible accounts, creating an allowance for doubtful accounts. C) The percentage-of-credit-sales method matches revenues with the expense of potential uncollectible accounts by estimating bad debts as a percentage of credit sales, aligning expenses with the revenues they help generate.

Which of the Following Provides an Accurate Match