Examlex
The principal of a school was upset over a rumor that one of the children had engaged in a violent activity that injured a younger sibling.The principal asked the nurse who the children were so that the involved teachers could both support the injured child and guard other children from the violent child.Which of the following would be the best response by the nurse?
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's receivables that may not be collected.
Bad Debt Expense
A ledger showing the value of invoices that a business anticipates it will not be able to receive payment for.
Aging of Receivables
A method for managing accounts receivable by categorizing debts by their due ages to estimate the timing of collections.
Allowance for Doubtful Accounts
An estimation of the accounts receivable that a company does not expect to collect, serving as a contra account to accounts receivable.
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