The Credit Portion of an Adjusting Entry to Enter the Estimate

question 12

True/False

The credit portion of an adjusting entry to enter the estimate for uncollectible accounts can be made directly to a specific receivable account.

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Definitions:

Example

A representative part or a single item from a larger whole or group, especially when used to illustrate or explain a topic.

Inherent Zero

A zero point that indicates an absence of the quantity under measurement, giving a true zero value meaning in the context.

Ratio Scale

A scale of measurement that has a meaningful zero value and allows for comparisons of absolute magnitudes and the computation of ratios.

Measurement

The process or the result of quantifying the characteristics or properties of something, usually by comparing it to a standard.