The principle requiring use of the allowance method for accounting for bad debts is: A matching principle B materiality principle Crevenue recognition principle going concern principle

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11GI: Discuss the differences between the allowance methods of recording bad debts and the direct...
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The principle requiring use of the allowance method for accounting for bad debts is:
A matching principle
B materiality principle
Crevenue recognition principle
going concern principle
Transcribed Image Text:The principle requiring use of the allowance method for accounting for bad debts is: A matching principle B materiality principle Crevenue recognition principle going concern principle
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