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14-01-2021
Business

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The percentage of accounts receivable method multiplies the current accounts receivable balance by the estimated uncollectible percentage to arrive at ________.

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Parrain Parrain

15-01-2021

Answer: Adjusted allowance for bad debts

Explanation:

The Percentage of Accounts receivable method estimates the allowance for bad debt in a period by multiplying the current receivable balance by an uncollectible percentage which is estimated by the business based on its history with bad debts.

This allowance is then posted to the Allowance for doubtful debt accounts and removed from the Accounts receivable.

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