menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 9: Cash and Receivables
  5. Question
    Which of the Following Account Names Should Not Be Used
Solved

Which of the Following Account Names Should Not Be Used

Question 98

Question 98

Multiple Choice

Which of the following account names should not be used in modern practice?


A) Reserve for Bad Debts
B) Allowance for Bad Debts
C) Uncollectible Accounts Expense
D) Allowance for Doubtful Accounts

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: The percentage of net sales method of

Q57: Under the allowance method,uncollectible accounts must be

Q69: If a promissory note is dishonored,the payee

Q93: The general ledger account for Accounts Receivable

Q97: The direct charge-off method of recognizing uncollectible

Q100: When an account receivable that was previously

Q100: Assume that on January 15, a

Q102: The receivable turnover is expressed in terms

Q103: For each of the items below,

Q177: Under what specific circumstance will application of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines