The ________ Notation Signifies That an Adviser Can Be Related

question 17

Multiple Choice

The ________ notation signifies that an adviser can be related to many students and that a student can be related to many advisers.

• A)1:N
• B)N:M
• C)N:1
• D)N:N

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Definitions:

Allowance Method

An accounting technique used to estimate and account for bad debts, allowing a company to anticipate and reduce accounts receivable to a more realistic value.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Allowance for Doubtful Accounts

A contra-asset account designated to approximate the amount of a company's accounts receivable that is likely uncollectible.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.