Match Each Term with the Correct Statement Below

question 29

Multiple Choice

Match each term with the correct statement below.
-Contain account and password information stored in encrypted form

• A)C2 compliance
• B)Security
• C)RAS Server
• D)Primary domain controller
• E)PWL files

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Definitions:

Allowance for Doubtful Accounts

An allowance for doubtful accounts is a contra-account that reduces the total receivables on the balance sheet by the amount that is estimated to be uncollectible.

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect because customers default on their payments.

Allowance Method

An accounting technique used to estimate and account for potential uncollectible accounts receivable and bad debts.

Uncollectible Receivables

Debts owed to a company that are deemed unrecoverable and are written off as a loss because the debtor is unable to pay.