Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 13 - No. 33)
What impact does a write-off of uncollectible accounts have on the allowance for doubtful debts?
Increases the allowance.
Decreases the allowance.
Has no effect on the allowance.
Removes the allowance.
Explanation
A write-off reduces the balance in the allowance account.
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