The Civil Service Act of 1883

question 84

Multiple Choice

The Civil Service Act of 1883:

• A) created a merit system for government workers.
• B) favored candidates with political influence.
• C) was passed in response to the assassination of President Lincoln.
• D) applied only to women.
• E) applied only to elected officeholders.

Know how to export the QuickBooks Audit Trail report to Excel for further analysis.

Understand how to create a budget in QuickBooks, including customization options.

Distinguish between the direct write-off method and the allowance method for accounting for bad debts.

Grasp how to prepare a bid for a potential customer using QuickBooks.

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Definitions:

Cash Budget

A budget projecting cash receipts and disbursements across a definite time frame, commonly employed to oversee liquidity and guarantee fiscal steadiness.

Uncollectible

Refers to accounts receivable that a company considers to be uncollectible from debtors and is likely to be written off as a bad debt expense.

Credit Sales

Sales where the payment is not received at the time of sale but is promised to be paid at a later date.

Cash Expected

The amount of money a business anticipates receiving over a specified period, often used in budgeting and planning.