Which of the Following Is an Example of a Workgroup

question 61

Multiple Choice

Which of the following is an example of a workgroup information system?

• A)charging of membership fees
• B)contact manager
• C)accounts payable system
• D)ordering of restaurant supplies from suppliers

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Definitions:

Bad Debt Expense

The portion of receivables that a company estimates it will not collect, considered as an expense in the income statement.

Estimated Uncollectible Accounts

An accounting provision for debts that are anticipated to be uncollectable from customers or clients.

Direct Write-off Method

An accounting approach where uncollectable accounts receivable are directly written off against income at the time they are deemed to be uncollectible.

Generally Accepted Accounting Principles

A set of rules, standards, and practices used by accountants in the U.S. to prepare, present, and report financial statements.