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​Match the Term to Its Definition/description

question 2

Multiple Choice

​Match the term to its definition/description.Note: Answer may be used more than once.
-​Refers to clinical functions


Definitions:

Allowance for Doubtful Accounts

A financial accounting provision representing the estimated amount of receivables that may not be collected.

Receivables

Amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects on its credit sales by dividing total credit sales by the average accounts receivable.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

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