Which of the following is a method of accounting for uncollectible accounts?

(2pts)

Question 1 - Which of the following is a method of accounting for uncollectible accounts?

	reserve method
	allowance method
	allocation method
	accounts receivable method

2)

The direct write-off method is

(2pts)

Question 2 - The direct write-off method is

	acceptable for financial reporting purposes.
	required for income tax purposes.
	acceptable for auditing purposes.
	required by generally accepted accounting principles.