【单选题】Under the allowance method, the entry to write off a $2,600 uncollectible account includes a:
A.
debit to allowance for uncollectible accounts for $2,600
B.
credit to allowance for uncollectible accounts for $2,600
C.
credit to uncollectible-account expense for $2,600
D.
debit to accounts receivable for $2,600
【单选题】利润是指企业在一定会计期间的经营成果,可用公式表示为( )
【单选题】When an account is written off using the allowance method, gross accounts receivable
A.
is unchanged and the allowance account increases.
B.
increases and the allowance account increases.
C.
decreases and the allowance account decreases.
D.
decreases and the allowance account increases.
【单选题】If a business shows debtors in its balance sheet as the gross amount less allowance for impairment, which method of accounting for bad debts is being used?
A.
The ageing of balances method
B.
The direct write-off method
【单选题】Under the allowance (indirect) method of accounting for bad debts, the entry to adjust for bad debts expense is:
A.
Dr Bad debts expense Cr Allowance for impairment
B.
Dr Allowance for impairment Cr Bad debts expense
C.
Dr Allowance for impairment Cr Accounts receivable
D.
Dr Bad debts expense Cr Accounts receivable