AASB Requires Companies to Use The

question 28

Multiple Choice

AASB requires companies to use the:

• A)allowance method to evaluate bad debts.
• B)amortisation method to evaluate bad debts.
• C)direct write- off method to evaluate bad debts.
• D)360- day method to evaluate bad debts.

---

Definitions:

Element

is a substance that cannot be broken down into simpler substances by chemical means, consisting of atoms with the same number of protons.

Proton

A subatomic particle found in the nucleus of an atom, carrying a positive electric charge and contributing to the atomic number and mass of the atom.

Neutron

A subatomic particle found in the nucleus of an atom that has no electrical charge and a mass slightly larger than that of a proton.

Medial

Positioned towards the midline of the body.