A(n) ____ File Is a Program Module Containing Instructions That

question 57

Multiple Choice

A(n) ____ file is a program module containing instructions that tells your computer how to perform specific tasks.

• A)executable
• B)data
• C)database
• D)memory

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Definitions:

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs associated with its sale or disposal.

Direct Write-off Method

A method for handling bad debts by writing off specific uncollectible accounts receivable when they are deemed unrecoverable, impacting the income statement.

Matching Principle

An accounting principle that states expenses should be recorded during the period in which they are incurred, matched with the revenues they generate.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported to reflect the amount that is expected to be uncollectible.