To account for uncollected receivable, accountants use:
A. direct written off method
B. allowance method.
C. First in, first out
D. Last in, first out
Notes receivable are less formal than accounts receivable.
A. 对
B. 错
Selling on credit will increase revenues and profit by making sales to a wide range of customers.
A. 对
B. 错
The older the receivable, the less valuable it is because of the decreasing likelihood of collection.
A. 对
B. 错