Match the Term and Its Definition

question 96

Multiple Choice

Match the term and its definition.There are more definitions than terms.
-Allowance For Doubtful Accounts

• A)The portion of Accounts Receivable that the company expects to collect.
• B)The time at which a loan must be repaid.
• C)An agreement by a borrower to repay the lending company with interest during a specified time period.
• D)The days of the year divided by the net sales revenue.
• E)A financial statement that shows the calculation of Bad Debt Expense for a company.
• F)Total money owed the company for sales made on credit.
• G)An account that is debited for the amount of credit sales estimated as uncollectible.
• H)A contra-asset account.
• I)The time at which a borrower must make annual interest payments.
• J)Net credit sales revenue divided by the average net receivables.
• K)Net credit sales revenue divided by the net income.
• L)The days of the year divided by the receivables turnover ratio.

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Definitions:

Logical Persuasion

The process of influencing someone's beliefs or behaviors through the use of reasoned arguments and factual evidence.

Shoelaces

Strings or cords used for fastening shoes.

Scissors

A hand-operated cutting instrument made of two blades pivoted so that the sharpened edges slide against each other.