Two Basic Methods Are Used for Estimating the Amount of Uncollectibles

question 63

True/False

Two basic methods are used for estimating the amount of uncollectibles at the end of the accounting period-the percentage of sales method and the percentage of receivables method.

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Definitions:

Behaviors

Observable actions or reactions of individuals, often analyzed in psychology and organizational studies to understand human interactions.

KSA's

Abbreviation for Knowledge, Skills, and Abilities; the attributes required to perform a job and are generally demonstrated through qualifying service, experience, or education.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Performance Expectations

Standards set by an organization or manager to define the desired level of performance from employees.