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Author Question: Generally accepted accounting principles do notnormally allow the use of the direct write-off method ... (Read 158 times)

piesebel

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on: Jul 5, 2018
Generally accepted accounting principles do notnormally allow the use of the direct write-off method ofaccounting for uncollectible accounts.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following statements best explains why adjustments need to be made at the end of every accounting period?
 
  A) Accountants like to do lots of unnecessary extra work.
  B) Certain accounts may need to be updated at the end of the period because of the presence of accruals and deferrals.
  C) To correct errors made during the period.
  D) Cash may be missing at the end of the period.


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AmberC1996

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


piesebel

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Reply 2 on: Jul 5, 2018
Excellent

raili21

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Reply 3 on: Yesterday
:D TYSM

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