Two methods of estimating uncollectible receivables are? ________.
a. the allowance method and the amortization method
b. the? gross-up method and the direct? write-off method
c. the? aging-of-accounts-receivable method and the? percent-of-sales method
d. the direct? write-off method and the? percent-of-completion method

Respuesta :

The answer is an aging-of-accounts-receivable method and the percent-of-sales method. More often than not, when a credit alteration is gone into the Allowance account, a relating charge sum is gone into Bad Debts Expense. The maturing technique happens by sorting an organization's records receivable as per the dates of these unpaid solicitations.