Accounting For Receivable Allowance Method | Quizalize

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Accounting For Receivable Allowance Method | Quizalize

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Accounting For Receivable Allowance Method

Quiz by zain khalfan

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2 questions

Q.

December31,2018: Estimated bade debts expenses of BD 3,000

1

30 sec

Q.

February12, 2019: Wrote off balance of customer Nasser of BD 1000 as uncollectible

2

30 sec

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Q 1/2
Score 0
December31,2018: Estimated bade debts expenses of BD 3,000
30
Debit Allowance for Doubtful Accounts Credit Bad Debts Expense
Debit  cash Credit Account receivable
Debit  Bad Debts Expense Credit Allowance for Doubtful Accounts
Debit  Bad Debts Expense Credit Account receivable
Q 2/2
Score 0
February12, 2019: Wrote off balance of customer Nasser of BD 1000 as uncollectible
30
Debit Allowance for doubtful accounts Credit  Account Receivable
Debit Allowance for doubtful accounts Credit cash
Debit Account receivable Credit  Allowance for doubtful accounts
Debit cash Credit  Account Receivable

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