The Acronym ISP Stands For

question 39

Multiple Choice

The acronym ISP stands for:

• A) Intensive Supervision Prisons.
• B) Instituted Supervised Punishment.
• C) Intensive Supervision Probation.
• D) Institutionally Supervised Prisons.

---

Definitions:

Other Receivable

Amounts owed to the company from parties other than customers, typically within a short time frame.

Uncollectible Receivables

Money owed to a company that is unlikely to be paid by the debtor, leading to its classification as a bad debt.

Doubtful Accounts Expense

An estimated expense recognized in the accounting period for accounts receivable that may not be collectible, also known as a provision for bad debts.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily coincide with the calendar year.