Help,Inc ,A Not-For-Profit Entity Dedicated to Providing Assistance to the Needy,has

question 13

Multiple Choice

Help,Inc. ,a not-for-profit entity dedicated to providing assistance to the needy,has submitted to its governing body a budget that includes the following budgeted expenditures. $$\begin{array} { l l } \text { Nutrition } & \$ 250,000 \\\text { Family housing assistance } & \$ 300,000 \\\text { Shelter House } & \$ 200,000 \\\text { Legal aid } & \$ 100,000 \\\text { Medical assistance } & \$ 150,000\end{array}$$ Which of the following best describes the budgeting practices of this entity?

• A)The entity uses program budgeting techniques.
• B)The entity uses object classification budgeting techniques.
• C)The entity uses zero-base budgeting techniques.
• D)The entity uses priority-based budgeting techniques.

Demonstrate comprehension of the effects of bad debts adjustments on financial statements.

Understand and differentiate various methods of accounting for uncollectible accounts receivable.

Perform journal entries for sales transactions, including those involving credit sales and credit card sales.

Explain and calculate bad debt expense using the allowance method.

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