Match Each Function-Related Term with Its Description

question 59

Multiple Choice

Match each function-related term with its description.
-Quotation marks

• A)Applies a logical test to see if a specific condition is true
• B)Placed around text values used as function arguments
• C)Conditions specified in a logical test
• D)Compares two values and returns true or false
• E)Placed between function arguments

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Definitions:

Specific Account

An individual account within a larger accounting system that tracks transactions related to a particular item or entity.

Aging

A method used to categorize accounts receivables based on the length of time the invoice has been outstanding to manage and collect debts.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible, used to create a more accurate report of net income.

Bad Debts Expense

An expense reported on the income statement, representing the estimated amount of receivables that will not be collected.