Ask Question
17 November, 09:44

The direct write-off method records bad debt expense only when an account becomes uncollectible, which is not always in the same period as the sale. for this reason, the direct write-off method violates the

+3
Answers (1)
  1. 17 November, 09:53
    0
    The direct write-off method violates the matching principal, which says that revenues and expenses are recorded in period that they occur (not necessarily when they are collected/written off).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The direct write-off method records bad debt expense only when an account becomes uncollectible, which is not always in the same period as ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers