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2 October, 20:31

When does an account become uncollectible?

a. when accounts receivable is converted into notes receivable

b. when a discount is available on notes receivable

c. there is no general rule for when an account becomes uncollectible

d. at the end of the fiscal year

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Answers (1)
  1. 2 October, 22:51
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    Answer: C - there is no general rule for when an account becomes uncollectible

    Explanation:

    Account uncollectible are receivables or debts that have no probability of being settled either because of bankruptcy of the debtor or as a result of fraud commited by the debtor.
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