When an Account That Was Written Off Is Later Collected,it

question 26

Essay

When an account that was written off is later collected,it takes _____________________ entries to record the transaction (when using the allowance method).

---

Definitions:

Statistical Control

The use of statistical methods to monitor and control a process or production method to maintain its quality and efficiency.

Assignable Causes

Factors in a production process that can be identified and eliminated, known for causing variations in statistical process control.

Mean Charts

Graphical representations used in statistical process control that plot the mean values of a series of measurements over time.

Range Charts

Tools used in statistical process control that display the range of variability in a process over time.