When Designing a Form or Report, Which of the Following

question 101

Multiple Choice

When designing a form or report, which of the following is a fundamental question?

• A) Who will pay for the form or report?
• B) What reports will be removed?
• C) When is the form or report needed and used?
• D) Where will the report be housed?
• E) How will the report be marketed?

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Definitions:

Direct Write-Off Method

An accounting method where bad debts are written off as an expense only when they are deemed to be uncollectable.

Bad Debt Expense

The estimated amount of credit sales that a company does not expect to collect due to customer's inability to fulfill payment obligations.

Uncollectible

Financial term referring to accounts receivable that are considered unlikely to be collected due to debtor default.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.