21. The two acceptable approaches to estimating bad debt expense are ________. A
ID: 3199699 • Letter: 2
Question
21. The two acceptable approaches to estimating bad debt expense are ________. A. the gross method and the aging method B. the percent-of-sales method and the allowance method C. the aging method and the percent-of-sales method D. the net method and the gross method 21. The two acceptable approaches to estimating bad debt expense are ________. A. the gross method and the aging method B. the percent-of-sales method and the allowance method C. the aging method and the percent-of-sales method D. the net method and the gross methodExplanation / Answer
CORRECT ANSWER IS
the percent-of-sales method and the allowance method
PERCENT OF SALES:how much finance is needed to increase sales
ALLOWANCE METHOD means companies are able to aniticipate and prepare for loss thats occurs in customer account which is uncollectable in future.
B.the percent-of-sales method and the allowance method
PERCENT OF SALES:how much finance is needed to increase sales
ALLOWANCE METHOD means companies are able to aniticipate and prepare for loss thats occurs in customer account which is uncollectable in future.