Gideon2316 Gideon2316

02-04-2019
Business

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The existing balance in Allowance for Doubtful Accounts is considered in computing bad debts expense in the A. direct write-off method. B. percentage of receivables basis. C. percentage of sales basis. D. percentage of receivables and percentage of sales basis.

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MrsSeifried MrsSeifried

06-04-2019

The correct answer is choice b - the percentage of receivables basis.

When an accountant is calculating the bad debts expense they will take into account the balance in the Allowance for Doubtful Account when they are calculating on the percentage of sales basis.

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