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Indications that an account may be uncollectible include all of the following except a.the customer files for bankruptcy b.the customer cannot be located c.the customer closes its business d.the customer is making small but regular payments

Respuesta :

Lanuel

Answer:

d.the customer is making small but regular payments

Explanation:

In Financial accounting, an account is said to be uncollectible when loans, receivables or debts being owed by customers are not being able to be recovered or paid by them.

Generally, this is usually as a result of customer bankruptcy, improper documentation of the transaction, disappearance of the customer etc.

Indications that an account may be uncollectible include all of the following;

1. The customer files for bankruptcy.

2. The customer cannot be located.

3. The customer closes its business.

However, when the customer is making small but regular payments then his account is a collectible account.