Question

Writing off a Bad Debt when specific accounts become uncollectible they are written off against __________________

Answer 1

When specific accounts become uncollectible, they are written off against the allowance for doubtful accounts or uncollectible accounts expense on the income statement. This is done to reflect the decrease in the value of accounts receivable due to the uncollectibility of certain accounts.

Step-by-step explanation:

When specific accounts become uncollectible, they are written off against the statement. This is done to reflect the decrease in the value of accounts receivable due to the uncollectibility of certain accounts.

Writing off a bad debt involves the following steps:

1. Identify the specific account that is uncollectible.
2. Debit the allowance for doubtful accounts or uncollectible accounts expense.
3. Credit the accounts receivable.

This process reduces the accounts receivable balance and increases the expense on the income statement, accurately reflecting the financial impact of the uncollectible account.