The Searches Folder Is Located in _________________________

question 325

Multiple Choice

The Searches folder is located in _________________________.

• A) your user folder
• B) the taskbar
• C) in File Explorer
• D) Settings

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Definitions:

Doubtful Accounts

Accounts receivable that a company considers unlikely to be collected and therefore may be written off as a bad debt expense.

Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts for accruals and deferrals not recorded during the period.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Percentage-of-Receivables Basis

A method used to estimate the amount of bad debt expense by applying a fixed percentage to the total amount of accounts receivable.