Asked by abdulbaset charsi on Jul 08, 2024
Verified
An alternative name for Bad Debt Expense is
A) Collection Expense
B) Credit Loss Expense
C) Uncollectible Accounts Expense
D) Deadbeat Expense
Bad Debt Expense
An estimated expense that represents accounts receivable that a company does not expect to collect due to customer defaults.
Uncollectible Accounts Expense
An expense account that represents money owed to a company that is not expected to be collected due to customer defaults.
- Identify the differences in accounting for uncollectible receivables using the direct write-off versus the allowance methods.
Verified Answer
LA
Luis Angel RiveraJul 08, 2024
Final Answer :
C
Explanation :
Bad Debt Expense is also known as Uncollectible Accounts Expense, as it represents the amount of money that a company expects to lose from customers who will not be able to pay their debts. The other answer choices are not commonly used as synonyms for Bad Debt Expense.
Learning Objectives
- Identify the differences in accounting for uncollectible receivables using the direct write-off versus the allowance methods.
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