____________________ Is a Trade Name for Organizing Material by Activity

question 3

Short Answer

____________________ is a trade name for organizing material by activity or specific installation.

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Definitions:

Accounts Receivable

Debts owed by customers to a company for delivered goods or performed services that remain unpaid.

Allowance

An accounting adjustment that reduces the value of an asset or increases a liability to reflect probable future costs.

Net Credit Sales

The total revenue from sales made on credit, minus any returns or allowances, reflecting the actual credit sales revenue generated by a business.

Uncollectible Accounts

Accounts receivable that are unlikely to be paid by customers and are considered bad debts.