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Which of the following is not acceptable in estimating uncollectible accounts receivable under GAAP?

a. The estimate of uncollectible accounts is based on a percentage of sales for the period.

b. The estimate of uncollectible accounts is based on a percentage of the accounts receivable balance at the end of a period.

c. The estimate of uncollectible accounts is based on an aging schedule.

d. No estimate of uncollectible accounts is made; accounts are written off when it is determined they cannot be collected.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9401375

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