Answered

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The direct write-off method is not normally an acceptable method under GAAP because it fails to report _____.

Sagot :

bharathparasad577

Accounts receivable for their net realizable value

  • Net realizable value is calculated as full realizable amount minus allowance for doubtful debts.
  • GAAP (Generally accepted accounting principles)- It has the common set which is issued by the Financial Accounting Standard boards for accounting rules, standards & procedures.
  • Direct write-off method- It is an accounting method in which uncollectible accounts are written off as bad debt.

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