The Two Accepted Methods of Recording Bad Debts Are The

question 33

Multiple Choice

The two accepted methods of recording bad debts are the:

• A)allowance method and the direct write- off method.
• B)allowance method and the aging method.
• C)receivables method and the aging method.
• D)direct write- off method and the percentage- of- sales method.

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Definitions:

Correlation Relationships

The statistical measure that describes the extent to which two variables change together, indicating a potential relationship but not causation.

Positive

An affirmative condition or attribute, often indicating the presence of a desired or beneficial factor.

Negative

A term often used in various contexts to indicate the absence of a certain quality, condition, or value; in mathematics, it denotes a value less than zero.

Test Administration

Involves the process and conditions under which a test is given, including instructions, timing, and environment.