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Accounting

ACC 205 Week 4 Discussion Question 2

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ACC 205 Week 4 Discussion Question 2
Discuss the allowance method and the direct write-off method of accounting for
bad debts. When is the expense for uncollected accounts receivable recognized
under each method? Respond to at least two of your classmates’ postings.
The allowance way of accounting for bad debt entails creating of a contra account to
accommodate estimations of uncollectable accounts receivable for that period of time.
The main advantage of the allowance way is that it supports the matching rule by

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