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When the allowance method of recognizing uncollectible accounts is used, the entries at the time of collection of a small account
previously written off that was not expected to be collected
A. Have no effect on the allowance for credit losses.
B. Increase net income.
C. Decrease the allowance for credit losses.
D. Increase the allowance for credit losses.

Respuesta :

Martebi

The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.

What is the allowance method?

This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.

The reserve is one that is based on a percentage of the sales gotten in a reporting period, in terms of those adjusted for the risk linked with some customers.

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