Employees Represent a Venture's _____ Resources - and Are Perhaps

question 73

Multiple Choice

Employees represent a venture's _____ resources - and are perhaps the most vital of all its operations.

• A) financial
• B) human
• C) technological
• D) marketing

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Definitions:

Net Credit Sales

The total revenue from sales made on credit, minus any returns or allowances.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Uncollectible

denotes accounts receivable that cannot be collected and are therefore written off as a loss by a business.

Adjustment

An entry in bookkeeping that corrects or allocates income and expenditure to the appropriate accounting periods.