21. The two acceptable approaches to estimating bad debt expense are ________. A

Question

21. The two acceptable approaches to estimating bad debt expense are ________. A. the gross method and the aging method B. the percent-of-sales method and the allowance method C. the aging method and the percent-of-sales method D. the net method and the gross method 21. The two acceptable approaches to estimating bad debt expense are ________. A. the gross method and the aging method B. the percent-of-sales method and the allowance method C. the aging method and the percent-of-sales method D. the net method and the gross method

Explanation / Answer

CORRECT ANSWER IS

the percent-of-sales method and the allowance method

PERCENT OF SALES:how much finance is needed to increase sales

ALLOWANCE METHOD means companies are able to aniticipate and prepare for loss thats occurs in customer account which is uncollectable in future.

B.

the percent-of-sales method and the allowance method

PERCENT OF SALES:how much finance is needed to increase sales

ALLOWANCE METHOD means companies are able to aniticipate and prepare for loss thats occurs in customer account which is uncollectable in future.

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