Examlex
Technician A says when battery cells are connected together in series, the amperage increases. Technician B says when battery cells are connected together in parallel, the voltage increases. Who is correct?
Direct Write-off Method
An accounting practice where uncollectible accounts receivable are written off directly against income at the time they are deemed irrecoverable.
Accounting Equation
Assets = Liabilities + Owner’s Equity.
Factoring
A financial transaction in which a business sells its accounts receivable to a third party at a discount to gain immediate cash.
Uncollectible Accounts
Accounts receivable that a business has been unable to collect and deems as unlikely to be paid.
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