Match the Following Definitions with Their Appropriate Terms

question 96

Multiple Choice

Match the following definitions with their appropriate terms .
-Direct write-off method

• A)A receivable arising from the sale of goods or services
• B)A form used to categorize the various individual with a verbal promise to pay. accounts receivable according to the length of time each has been outstanding.
• C)A method of estimating bad debts on the basis of either
• D)A measure of the number of times receivables are the net credit sales of the period or the accounts collected in a period. receivable at the end of the period.
• E)The general ledger account that is supported by a
• F)A contra-asset account used to reduce accounts subsidiary ledger. receivable to its net realizable value.
• G)The detail for a number of individual items that
• H)The recognition of bad debts expense at the point an collectively make up a single general ledger account. account is written off as uncollectible.

---

Definitions:

Short Sentences

Brief and concise statements used to convey ideas or information effectively.

Processed Quickly

Refers to tasks or information being handled or analyzed in a short amount of time, often to meet deadlines or improve efficiency.

Complex Ideas

Concepts or thoughts that are composed of many different interconnected parts, making them difficult to understand.

Bulleted Lists

A series of items or points presented in a format that uses bullet points for clarity and organization.