Establishing an allowance for doubtful accounts under the allowance method is necessary because a. uncollectible accounts that are written off must be accumulated in a separate account. b. collection agencies use this account to accumulate attempts to collect worthless balances. c. estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected. d. a liability results when a credit sale is made.

Establishing an Allowance for Doubtful Accounts under the allowance method is necessary because estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected.

Allowance for doubtful accounts is a diminution of accounts receivable and is recorded as a write-off straightaway beneath accounts receivable that is appearing on a organization balance sheet.

the earnings of a typical investor is around $1,000,000 to $10,000,000

hope this !

have a good day!

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.