The Most Direct Output for Composers and Performers

question 57

Multiple Choice

The most direct output for composers and performers

• A)is a webcam.
• B)are speakers.
• C)are CDs.
• D)is an iPod.

---

Definitions:

Aging the Accounts

The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Bad Debt Expense

An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.

Open Account

A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.