Using an Allowance Method of Accounting to Recognize Uncollectible Accounts

question 82

Multiple Choice

Using an allowance method of accounting to recognize uncollectible accounts receivable is an application of which accounting convention?

• A)revenue recognition
• B)historical cost
• C)matching principle
• D)period of time

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Definitions:

Durkheim

A founding figure in sociology, notable for his analysis of society's structural and functional aspects, including concepts like social solidarity and anomie.

Crucifix

A crucifix is a Christian symbol consisting of a cross with an image of Jesus Christ's body hung upon it, representing the sacrifice of Jesus’ crucifixion in the New Testament.

Durkheim

A French sociologist, Emile Durkheim, who is considered one of the founding fathers of sociology, emphasized the importance of social institutions and structures in influencing human behavior and social solidarity.

Totem

A natural object, animal, or phenomenon regarded as a symbol representing clans, tribes, or families, carrying spiritual or cultural significance.