Why is the allowance method of accounting for bad debts more consistent with accounting standards than the

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Why is the allowance method of accounting for bad debts more consistent with accounting standards than the direct write-off method? Under what circumstances is the direct write-off method acceptable?

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Question Posted: Jun 11, 2015 08:16 AM

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Why is the allowance method of accounting for bad debts more consistent with accounting standards than the

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The allowance method means that the estimated bad debts expense is recorded i...View the full answer

Understanding Financial Accounting

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