The direct write-off method of accounting for bad debts uses an allowance account. uses a contra asset account. is the preferred method under generally accepted accounting principles. does not require estimates of bad debt losses.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The direct write-off method of accounting for bad debts uses an allowance account. uses a contra asset account. is the preferred method ...” 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.
Home » Business » The direct write-off method of accounting for bad debts uses an allowance account. uses a contra asset account. is the preferred method under generally accepted accounting principles. does not require estimates of bad debt losses.