Modified Multiple Choice ____ Files Is Part of a Process

question 39

Multiple Choice

Modified Multiple Choice ____ files is part of a process known as file management.

• A) Organizing
• B) Moving
• C) Renaming
• D) Deleting

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Definitions:

Bad Debt Expense

An estimated expense that represents the amount of receivables a company does not expect to collect due to customer defaults.

Allowance for Doubtful Accounts

A financial accounting provision representing the estimated amount of receivables that may not be collected.

Receivables

Amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects on its credit sales by dividing total credit sales by the average accounts receivable.