Which of the Following Is the Most Logical Data Type

question 70

Multiple Choice

Which of the following is the most logical data type to use if a field will contain long comments or explanations?

• A)Hyperlink
• B)Short Text
• C)Memo
• D)Long Text

---

Definitions:

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible, resulting in a contra asset account to adjust the value of total accounts receivable.

Percent of Sales Method

A forecasting technique used to estimate various financial metrics, like expenses or inventory levels, as a percentage of sales revenue.

Realizable Value

An estimate of the amount for which an asset can be sold or a liability settled under current market conditions.

Expense Recognition

An accounting principle that dictates the timing of reporting an expense in the financial statements.