Ask Question
5 April, 07:41

Some accountants believe that the percent of revenue method for estimating uncollectible accounts expense is superior to the percent of receivables method because it is more conservative.

a. True

b. False

+5
Answers (1)
  1. 5 April, 08:02
    0
    correct option is b. False

    Explanation:

    as above given statement is false because

    The current method of receiving is more traditional than the income method because the formal method depends on the receivable age. Therefore, the revenue percentage method is better than the percentage receivable method for estimating the total collection cost, because it is more traditionally incorrect

    so answer is false
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Some accountants believe that the percent of revenue method for estimating uncollectible accounts expense is superior to the percent of ...” 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