The Third-Ranked Caste, Usually Viewed as the Merchant Caste, Was

question 46

Multiple Choice

The third-ranked caste, usually viewed as the merchant caste, was the

• A) kshatriya.
• B) pariah.
• C) brahmins.
• D) vaisya.
• E) sudras.

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Definitions:

Bad Debts Expense

An expense recognized on a company’s income statement, representing the amount of accounts receivable that is not expected to be collected due to customers' inability to fulfill financial obligations.

Uncollectibles

Accounts receivable that a company has determined are unlikely to be collected and writes off as a bad debt expense.

Allowance Method

An accounting technique that anticipates and adjusts for potential future bad debts or credit losses.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.