The Basic Function of an Electromotive Force in a Circuit

question 64

Multiple Choice

The basic function of an electromotive force in a circuit is to do which of the following?

• A) Convert electrical energy into some other form.
• B) Convert some other form of energy into electrical.
• C) Both choices (a)and (b)are valid.
• D) None of the above choices are valid.

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Definitions:

Direct Write-Off Method

An accounting method where bad debts are written off as an expense only when they are deemed to be uncollectable.

Bad Debt Expense

The estimated amount of credit sales that a company does not expect to collect due to customer's inability to fulfill payment obligations.

Uncollectible

Financial term referring to accounts receivable that are considered unlikely to be collected due to debtor default.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.