The Allowance for Uncollectible Accounts Is Necessary Because

Multiple Choice

The allowance for uncollectible accounts is necessary because

A) a liability results when a credit sale is made.
B) when recording uncollectible accounts expense,it is not possible to predict specifically which accounts will not be collected.
C) management should know how many credit losses have been sustained over the years.
D) uncollected accounts that are written off must be accumulated in a separate account.