Asked by Audrey Waymire on Jul 27, 2024
Verified
Charges deemed uncollectible by any business
A) accounting formula
B) accounts receivable ratio formula
C) gross collection ratio formula
D) net collection ratio formula
E) cost ratio formula
F) assets
G) write-offs
H) liabilities
I) accounts receivable
J) income statement
Write-Offs
A reduction in the value of an asset or earnings by the amount of an expense or loss, usually deemed uncollectible by any business; charges that are deemed uncollectible by any business.
Uncollectible Charges
Fees for goods or services provided that are not expected to be paid by the customer, often written off as bad debts by the business.
- Comprehend the principle of accounts receivable and its influence on the functioning of a business.
Verified Answer
NT
Natalie Tapia
Jul 31, 2024
Final Answer :
G
Explanation :
Write-offs are the charges that a business deems uncollectible, indicating that the business has decided it cannot collect the money owed to it and must remove the amount from its accounts receivable.
Learning Objectives
- Comprehend the principle of accounts receivable and its influence on the functioning of a business.