Write-off against the allowance account results

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Reference no: EM131217495

If the credit balance of the Allowance for Doubtful Accounts account exceeds the amount of a bad debt being written off, the entry to record the write-off against the allowance account results in:

A. An increase in the expenses of the current period.

B. A reduction in current assets.

C. A reduction in equity.

D. No effect on the expenses of the current period.

E. A reduction in current liabilities.

Reference no: EM131217495

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