System ________ Refers to the Process of Changing the Business

question 8

Multiple Choice

System ________ refers to the process of changing the business activity from an old information system to a new system.

• A) definition
• B) testing
• C) analysis
• D) conversion

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Definitions:

Outstanding Receivables

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.

Allowance for Doubtful Accounts

A reserve for accounts receivable that may not be collectable, reducing the book value of accounts receivable to a more realistic value.

Cash Loan

A financial agreement where a borrower receives a specific amount of cash from a lender and commits to repaying it over time, along with interest.

End-of-Period Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts and ensure revenues and expenses are recorded in the appropriate period.