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Re: Week 2 Discussion

In: Computers and Technology

Submitted By neruwu
Words 2113
Pages 9
Advantages
The direct write-off method is simple, and can be used by individuals that maintain a company's set of books yet have no extensive accounting education. Unlike the allowance method that estimates probable losses using various ratios and factors, the direct method is based on an actual amount which may be more superior to the small business owner.

Disadvantages
Since the direct write-off method records the loss only when the account is determined uncollectible, it may result in a loss from a prior period being charged against unrelated income in a future period. This may result in the distortion of a company's true profit of a given period, and does not comply with GAAP matching principle, which requires expenses to be matched with their associated revenues within the same period.Advantages
The direct write-off method is simple, and can be used by individuals that maintain a company's set of books yet have no extensive accounting education. Unlike the allowance method that estimates probable losses using various ratios and factors, the direct method is based on an actual amount which may be more superior to the small business owner.

Disadvantages
Since the direct write-off method records the loss only when the account is determined uncollectible, it may result in a loss from a prior period being charged against unrelated income in a future period. This may result in the distortion of a company's true profit of a given period, and does not comply with GAAP matching principle, which requires expenses to be matched with their associated revenues within the same period.Advantages
The direct write-off method is simple, and can be used by individuals that maintain a company's set of books yet have no extensive accounting education. Unlike the allowance method that estimates probable losses using various ratios and factors, the direct method is based on…...

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