142k views
5 votes
which of the following is recorded at the end of an accounting period when accounting for receivables using the allowance method?

1 Answer

3 votes

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.

User Spencer
by
5.8k points