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: Multiple Choice An increase in the expenses of the current period. A reduction in current assets. A reduction in equity. No effect on the expenses of the current period. A reduction in current liabilities.

No effect on the expenses of the current period.

Explanation:

Allowance for Doubtful Accounts account is an account that shows loss that has been incurred by the business. These entries are passed into the allowance for doubtful accounts as a debit.

So the normal balance of this account is negative.

If the account is in credit it means the business is not in loss, but rather can absorb some loss equivalent to the balance on the account before loss is recognised.

The credit balance is greater than the bad debt being written off, so it takes the bad debt amount and is still in credit.

The business will not recognise any expense

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; niosh, the national institute for occupational safety and health;