Match the Following Definitions with Their Appropriate Terms

question 80

Multiple Choice

Match the following definitions with their appropriate terms .
-Accounts Receivable turnover

• 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:

Estimate

An approximation or educated guess of a certain quantity based on available data.

Population

The entire group or set of items or individuals from which samples may be drawn for statistical analysis.

Statistical Inference

The process of making predictions or decisions about a population based on sample data.

Reliability

The degree to which an assessment tool produces stable and consistent results.