Both the Program and the Data Must Be Placed in the ____

question 21

Multiple Choice

Both the program and the data must be placed in the ____ of computers in order for the computer to perform activities as directed by the program.

• A) read only memory (ROM)
• B) central processing unit (CPU)
• C) CD-ROM
• D) random access memory (RAM)

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Definitions:

Uncollectible Accounts

Accounts receivable that a company has determined it will not be able to collect due to customer default.

Direct Write-off

A method of accounting for bad debts where uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.

Bad Debts Recovered

When an account receivable has been written off and is recovered, this account, which is in the Other Revenue category, is credited in the direct write-off method if the recovery is in a year following the write-off.

Allowance for Doubtful Accounts

A contra asset account that estimates the portion of receivables that may not be collectible, affecting a company’s net income and assets.