Why is the allowance method of handling bad debts considered more effective than the specific charge-off method?

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Why is the allowance method of handling bad debts considered more effective than the specific charge-off method? Is the specific charge-off method ever acceptable?

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 27, 2024 02:16 AM

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Why is the allowance method of handling bad debts considered more effective than the specific charge-off method?

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College Accounting Chapters 1-26

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