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Which statement is True regarding the Direct Write Off Method? This method is closest to the matching principle by estimating bad debt for the period

Which statement is True regarding the Direct Write Off Method?

This method is closest to the matching principle by estimating bad debt for the period before writing off the actual Account Receivable

This method creates a contra account

This method is the only method allowed by the IRS

This method DOES NOT reduce Accounts Receivable directly

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