Examlex
Which of the following was not one of the characteristics of the Second Great Awakening?
GAAP
Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.
Allowance Method
An accounting technique used to account for bad debts by estimating uncollectible accounts at the end of each period.
Receivables
Money owed to a business by its customers for goods or services delivered or used but not yet paid for.
Allowance Method
An accounting technique to estimate and account for bad debts, where anticipated uncollectible accounts receivable are predicted and recorded.
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