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The Practice of Using the Telephone Rather Than Personal Visits

question 130

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The practice of using the telephone rather than personal visits to contact customers is referred to as


Definitions:

Specified Amount

An exact or particular amount that has been agreed upon or is required within a certain agreement or context.

Written-off

The accounting practice of recognizing that an asset or receivable no longer has value and is unlikely to be collected.

Bad Debts Expense

The cost to a business of uncollectible accounts receivable.

Accounts Receivable

Financial obligations of customers towards a firm for delivered services or goods yet to be paid for.

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