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17 August, 00:45

Under the allowance method of accounting for uncollectible receivables, writing off an uncollectible account. A. affects only income statement accounts. B. is not an acceptable practice. C. affects only balance sheet accounts. D. affects both balance sheet and income statement accounts.

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  1. 17 August, 01:37
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    Option C) Affects only balance sheet accounts.

    Explanation:

    Affects only Balance Sheets Accounts because the write-offs under the allowance method register an entry as a debits in Allowance for Doubtful Accounts and credits Accounts Receivable, both accounts belongs to the balance sheet instead of the income statement.
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