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What Is Any Measurable, Tangible, Verifiable Outcome, Result, or Item

question 72

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What is any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project?


Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collected.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of receivables that may not be collectible.

Contra Asset

An account on a company's balance sheet that reduces the total amount of an asset, such as accumulated depreciation.

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