Which of the Following Would Not Be Considered Part of the Consistent

question 468

Multiple Choice

Which of the following would not be considered part of the consistent characteristic of high-quality information?

• A)Do all sales columns equal the total for the revenue column?
• B)Is the two digit state code missing in the information?
• C)Is all summary information in agreement with detailed information?
• D)Does the order number match the item and the color options available?

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Definitions:

Allowance for Doubtful Accounts

A contra asset account that represents an estimate of the amount of accounts receivable that may not be collectible.

Uncollectible Accounts

Accounts receivable that a company has deemed unlikely to be collected and thus written off as a loss.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Bad Debt Expense

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