Which of the following is recorded at the end of an accounting period when accounting for receivables using the allowance method?

Question

asked Jul 28, 2022 142k views

1 Answer

Spencer · Answer 1 · 2022-08-04T02:53:15+0000

Answer: An estimate is recorded by debiting debt expense and crediting allowance for doubtful account in the same period as the related sale.

Step-by-step explanation:

The entry to record the write off a specific customer which is typically recorded later accounting period than when sales occur.