The entry to record a write-off of an uncollectible account when using the direct write-off method involves a

Question

Everett Mullen

Business

13 July, 03:07

The entry to record a write-off of an uncollectible account when using the direct write-off method involves a

+4

Answers (1)

Know the Answer?

Elaine Everett · Answer 1

The entry to record a write-off of an uncollectible account when using the direct write-off method involves a debit to bad debts expense.

We can define bad debts expense as when there is a loss to the company because sold products or gave benefits and did not require quick installment. he loss occurs and this loss occurs when the customer or client does not pay the amount owed.