When an account is written off, Accounts Receivable will be credited. Under the Allowance method, the debit will go to:
A. Bad Debts Expense
B. Allowance for Doubtful Accounts
C. Cash
D. None of these
Answer:B
When an account is written off, Accounts Receivable will be credited. Under the Allowance method, the debit will go to:
A. Bad Debts Expense B. Allowance for Doubtful Accounts C. Cash D. None of these