Directions: Choose the Best Answer Based on the Information You

question 10

Multiple Choice

Directions: Choose the best answer based on the information you read in Chapter 11. ​ Which of the following is not a technique for writing an expository text?

• A)Use at least three strong points to support the main idea.
• B)Arrange the supporting points in an order that makes sense.
• C)Add dialogue throughout to make the text more interesting.
• D)Add clear details to each supporting point to clarify your ideas.

Understand the function and importance of the drawing account in relation to the owner's capital account.

Recognize efficiencies in the accounting recording process, including the use of journals and ledgers.

Grasp the concept of a compound journal entry and its use in accounting.

Understand the sequence of recording transactions: from analysis to entry in journals and ledgers.

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Definitions:

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and adjusting the books accordingly.

Bad Debts

Accounts receivable that are considered uncollectible, leading to a financial loss for the company.

Specific Customers

This refers to identified individual or business customers with unique needs or characteristics that a company targets or serves.

Direct Write-off Method

An accounting method where uncollectible debts are written off as an expense only when they are confirmed to be uncollectible.