During the Neolithic Period, a Major Development in Agriculture Was

question 31

Multiple Choice

During the Neolithic period, a major development in agriculture was the ability to:

• A) accumulate and store grain
• B) feed large numbers of livestock
• C) build larger architectural structures
• D) control bodies of water

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Definitions:

Allowance for Doubtful Accounts

An allowance for doubtful accounts is a contra-account that reduces the total receivables on the balance sheet by the amount that is estimated to be uncollectible.

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect because customers default on their payments.

Allowance Method

An accounting technique used to estimate and account for potential uncollectible accounts receivable and bad debts.

Uncollectible Receivables

Debts owed to a company that are deemed unrecoverable and are written off as a loss because the debtor is unable to pay.