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    Mz_Angelic's Avatar
    Mz_Angelic Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 24, 2007, 12:18 PM
    Allowance method
    Under the allowance method, if uncollectible account write-offs during the year exceed the allowance account, the balance in allowance for uncollectible accounts at year end prior to adjustment:
    A.) will be zero
    B.) should be deducted from accounts receivable
    C.) will be a debit
    D.) should be adjusted by debiting it to bring the balance back to zero
    Smith21000's Avatar
    Smith21000 Posts: 69, Reputation: 9
    Junior Member
    		  
    #2

    Apr 24, 2007, 01:42 PM
    Please make an attempt at the answer, were here to assist not to retake accounting. T-accounts are a simple and great approach to many problems.
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