All of the statements concerning bad and doubtful debts arecorrect, except which of thefollowing?

A.Doubtful debts relate to amounts unlikely to be received from accounts receivable but where the business is still trying to collect the sum owed.

B.Bad debts written off is an expense that relates to situations where there is a high degree of certainty that the amount owed will never bepaid, e.g., the bankruptcy of the debtor.

C.Theaccount, doubtful debtsexpense, is a contra asset account deducted from accounts receivable in the statement of financial position.

D.Doubtful debts can be estimated by applying a given percentage to credit sales.