Match the Following Definitions with Their Appropriate Terms

question 62

Multiple Choice

Match the following definitions with their appropriate terms .
-Subsidiary ledger

• A)A receivable arising from the sale of goods or services
• B)A form used to categorize the various individual with a verbal promise to pay. accounts receivable according to the length of time each has been outstanding.
• C)A method of estimating bad debts on the basis of either
• D)A measure of the number of times receivables are the net credit sales of the period or the accounts collected in a period. receivable at the end of the period.
• E)The general ledger account that is supported by a
• F)A contra-asset account used to reduce accounts subsidiary ledger. receivable to its net realizable value.
• G)The detail for a number of individual items that
• H)The recognition of bad debts expense at the point an collectively make up a single general ledger account. account is written off as uncollectible.

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Definitions:

Macroeconomic Policy

Strategies and actions undertaken by a government to regulate and control the economy as a whole, influencing overall economic indicators like inflation, unemployment, and economic growth.

Higher Education

The segment of tertiary education that follows secondary education, including universities, colleges, and other institutions offering degrees and vocational training beyond high school.

Fire Protection

Measures and services designed to prevent, control, and mitigate the impact of fires, including emergency response and fire safety regulations.

Provision Of Education

The process or manner in which education is supplied or made available to a population, encompassing both public and private means.