You Are an Accounting Intern and Today You Are Compiling

question 89

Multiple Choice

You are an accounting intern and today you are compiling a spreadsheet with column headings of: Invoice number; Customer number; < 30 days; 31-60 days; 61-90 days; > 90 days. You will list every unpaid invoice with the amount owed entered into the appropriate column based on the number of days between the sale date and today. Once you have completed that, you will sort the report by customer number and total the amounts listed in each column. What is this report called?

• A) Credit report
• B) Aging schedule
• C) Risk assessment report
• D) Turnover delineation
• E) Receivables consolidation report

---

Definitions:

Projection

A defense mechanism in which an individual attributes their own undesired thoughts, feelings, or motivations to someone else.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which is crucial for personal development and effective interpersonal relationships.

Emotional Discernment

The ability to perceive and understand one's own and others' emotions, often crucial for effective interpersonal relations and decision-making.

Reinforcement Strategy

A behavioral approach in management that uses rewards or punishments to increase or decrease the likelihood of a specific employee behavior.