The Maya System of Record Keeping Was

question 74

Multiple Choice

The Maya system of record keeping was:

• A) the first writing system in the New World
• B) a hieroglyphic system with a number of astonishing similarities to that of ancient Egypt
• C) not a writing system at all, but one based on knotted strings
• D) derived from the older Olmec system of writing

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Definitions:

Uncollectible Receivables

Money owed to a company by customers that is considered unlikely to be paid and often written off as bad debts.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable which may not be collectible, creating a reserve for potential bad debts.

Accounts Written Off

This refers to the process where businesses remove uncollectible accounts receivable from their accounting records because payment is no longer expected.

Note Dishonored

A promissory note that has not been paid by the issuer at maturity.