Match the Terms with the Definitions

question 43

Multiple Choice

Match the terms with the definitions.
-A technique that attempts to recognize bad debt expense in the same period that the related credit sales are made.

• A)aging the receivables
• B)allowance method
• C)bad debt expense
• D)direct write-off method
• E)matching principle
• F)net receivables
• G)percentage of receivables method
• H)percentage of sales method

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Definitions:

Family Member

An individual who is part of an extended or immediate family, including parents, siblings, spouses, and children.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, language, history, and sometimes physical characteristics.

Poor Health

A state characterized by ill health or a low level of well-being, where one might experience illness, disease, or a reduced ability to engage in activities of daily life.

Social Security

A government program that provides financial assistance to individuals during retirement, disability, or upon the death of a family provider.