The Ageing- Of- Accounts- Receivable Method Computes Bad Debts Expense

question 56

True/False

The ageing- of- accounts- receivable method computes bad debts expense as a percentage of net credit sales.

---

Definitions:

ICD-9

An abbreviation for the International Classification of Diseases, Ninth Revision, a system used for coding and classifying diseases and a wide variety of signs, symptoms, abnormal findings, and external causes of injury or diseases.

ICD-9

International Classification of Diseases, 9th Revision; a coding system used for diagnosing and classifying diseases before being replaced by ICD-10.

ICD-10

The International Classification of Diseases, Tenth Revision, a medical classification list of diagnostic codes for the coding of diseases, symptoms, and procedures.

Conventions

A list of abbreviations, punctuation, symbols, typefaces, and instructional notes appearing in the beginning of the ICD-9. The items provide guidelines for using the code set.