Final answer:
The statement is false because the percentage of sales method aligns with the matching principle by charging the estimated bad debt expense in the same period as the related credit sales.
Step-by-step explanation:
The statement is False. When accounting for uncollectible receivables using the percentage of sales method, the matching principle is not violated.
The matching principle in accounting states that expenses should be recorded in the period in which they are incurred to generate revenues.
Under the percentage of sales method, an estimated percentage of credit sales is recognized as bad debt expense in the same period that the sales are recorded, which adheres to the matching principle.