What Was One of the Reasons for the Collapse of the Taiping

question 56

Multiple Choice

What was one of the reasons for the collapse of the Taiping Rebellion?

• A) It failed to attract strong support from the peasants.
• B) It received support from Western powers,which alienated the majority of the Chinese people.
• C) It failed to attract strong support from the landed gentry and other elite groups.
• D) Its followers were mainly Manchus,alienating the Han Chinese majority.

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Definitions:

Allowance for Doubtful Accounts

An accounting provision representing the estimated amount of receivables that may not be collected, reducing the accounts receivable balance to its net realizable value.

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal, used in valuing inventory and accounts receivable for financial reporting.

Write-Off

A write-off involves removing an asset from the financial statements because it is no longer collectible or has no value.

Bank Reconciliation

Bank reconciliation involves the process of matching and comparing the account balance in an entity's financial records to the corresponding information on a bank statement, to ensure accuracy and consistency.