When Should the Loss on an Uncollectible Account Receivable Be

Multiple Choice

When should the loss on an uncollectible account receivable be recorded as an expense for accrual accounting purposes?

A) When it is determined that an account cannot be collected.
B) In the same period in which the sale on account occurs.
C) When the balance is past due for more than 3 months.
D) When a lawyer indicates that collection efforts would cost more than the account is worth.