Which method requires first estimating the desired amount for the Allowance for Doubtful Accounts and then determining the amount of the expense required to get to this desired balance given the amount of the unadjusted balance

Aging of accounts receivable method

Explanation:

Accounts Receivable

This is simply refered to as the right to receive cash in future terms from customers for goods sold or for services performed.

Aging of accounts receivable method

In this method, finding out the means of accounting for bad debts expense in which the aging of accounts receivable schedule which is a list of accounts receivable according to length of time outstanding is usually used to estimate the total amount of bad debts.

It is also defined as the method of estimating uncollectible receivables by finding out the balance of Allowance for Bad Debts account based on the age of individual accounts receivable.

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