It Is Necessary to Place a Windshield Around a Rain

question 36

True/False

It is necessary to place a windshield around a rain gauge because,without it,the amount of rain trapped by the gauge would be more than that which actually fell.

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Definitions:

Bad Debts Expense

An estimated expense that reports the cost of accounts receivable that a company does not expect to collect.

Aging

The process of categorizing accounts receivables based on the length of time an invoice has been outstanding to determine their collectability.

Accounts Receivable

An asset account representing money owed to a business by its customers for goods or services delivered on credit.

Allowance for Doubtful Accounts

A contra-account reducing accounts receivable to reflect the estimated portion that may not be collected.