Entity- Relationship Diagrams Give Deeper Insights into How Data and Applications

question 26

True/False

Entity- relationship diagrams give deeper insights into how data and applications work together than do class diagrams.

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Definitions:

Direct Method

A cash flow statement preparation approach that lists major cash receipts and payments during the period.

Bad Debts Recovered

Previously written off debts that have unexpectedly been collected.

Allowance Method

An accounting technique used to estimate and account for bad debts, allowing companies to anticipate uncollectible accounts receivables.

Bad Debts Expense

An expense account reflecting the value of sales that were made on credit and are unlikely to be collected.