The ____ Lists and Describes the Efforts to Resume Normal

question 43

Multiple Choice

The ____ lists and describes the efforts to resume normal operations at the primary places of business.

• A)incremental backup plan
• B)disaster recovery plan
• C)full-backup plan
• D)business continuity plan

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Definitions:

Allowance Method

An accounting technique used to account for bad debts, which estimates uncollectible accounts receivable and creates a provision for them.

Accounts Receivable

Financial dues from customers to an organization for products or services that have been dispensed but not reimbursed.

Allowance for Doubtful Accounts

A contra asset account used to estimate the portion of a company's receivables that may not be collectible.

Bad Debts Expense

This is an expense reported on the income statement, reflecting the cost of credit sales that a company does not expect to collect.