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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 8: Revenue Recognition, Receivables, and Advances From Customers
  5. Question
    When a Firm Decides That a Particular Customer Account Is
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When a Firm Decides That a Particular Customer Account Is

Question 43

Question 43

True/False

When a firm decides that a particular customer account is uncollectible, it removes that account by debiting the Allowance for Uncollectibles and crediting Accounts Receivable, Gross.This process is called writing off the account.

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