One of the Methods of Accounting for Uncollectible Accounts Is

Short Answer

One of the methods of accounting for uncollectible accounts is the direct write-off method.Indicate whether each of the following statements is true or false.
_____ a)The direct write-off method does not comply with GAAP if uncollectible accounts expense is immaterial.
_____ b)The direct write-off method is allowed for some companies because of the going concern concept.
_____ c)The direct write-off method requires an advance estimate of anticipated uncollectible accounts.
_____ d)The direct write-off method is easier to use than the allowance method.
_____ e)The direct write-off method does not require the use of an allowance account.