Multiple Choice
Which of the following methods does NOT require an adjusting entry to recognize bad debts?
A) percent-of receivables
B) aging-of-receivables
C) percent-of-sales
D) direct write-off
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: On January 1,Cooper Company accepted a one-year
Q12: Accounts receivable that are uncollectible must remain
Q13: The maturity value of a note is
Q14: A debtor is a party to a
Q15: On December 1,2020,Eagle Company sold machinery to
Q17: In order to keep accurate records about
Q18: The following information is from the
Q19: Because of the revenue recognition principle,interest on
Q20: The percent-of-sales method,used to compute bad debt
Q21: The entry to write off an account