Under the Allowance Method for Uncollectible Accounts

Multiple Choice

Under the allowance method for uncollectible accounts,

A) the net realizable value of trade accounts receivable is greater before an account is written off than after it is written off.
B) Allowance for Doubtful Accounts is closed each year to Income Summary.
C) the net realizable value of trade accounts receivable in the balance sheet is the same before and after an account is written off.
D) Bad Debts Expense is debited when a specific account is written off as uncollectible.