Question 52 (1 point) Under the allowance method of accounting for uncollectible accounts, Bad Debts Expense is debited A) at the end of each accounting period. B) whenever a pre-determined amount of credit sales has been made. C) when an account is determined to be uncollectible. D) when a credit sale is past due. Question 53 (1 point) The purpose of the general ledger (G/L) is to keep in one place all of the information about changes in specific account balances. make sure that all assets and liabilities have normal balances at all times. to support the information that is in the sub-ledgers. record each day's transactions in date (chronological) order. keep documentation to support each transaction. Question 54 (1 point) Which of the following statements is not true? A) CCA (capital cost allowance used for tax purposes) will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method. B) Over the life of the asset, total depreciation expense will be the same whether a company uses the straight-line, diminishing-balance, or units-of- production method. C) Cash flow is affected by the use of different depreciation methods. D) The diminishing-balance depreciation method will result in lower net income compared to the straight-line depreciation method in the early years