Select the Best Word or Words for the Blank in the Following

question 158

Multiple Choice

Select the best word or words for the blank in the following sentence.
The committee _____ to explain what happened with those funds.

• A)has
• B)were
• C)are
• D)have

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Definitions:

Allowance Method

A technique in accounting used to adjust accounts receivable for the amount estimated to be uncollectible.

Bad Debts

Accounts receivable that are considered uncollectible, representing losses to the company.

Accounts Receivable Turnover

Accounts Receivable Turnover is a financial metric that measures how efficiently a company collects cash from its credit sales, calculated by dividing total credit sales by the average accounts receivable during a period.

Credit Policies

Guidelines established by businesses to determine to whom they will extend credit and on what terms.