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Which of the Following Provides the Information Needed to Confirm

question 44

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Which of the following provides the information needed to confirm insights and help managers to pursue appropriate courses of action?


Definitions:

Unadjusted Year End

This term refers to the financial results and statements of a company that have not gone through adjustments for various accounting entries at the end of the fiscal year.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals to ensure a company's bookkeeping system is mathematically correct.

Allowance for Uncollectibles

A contra-asset account used to reduce accounts receivable to its net realizable value by estimating the amount of receivables that may not be collected.

Gross Accounts Receivable

The sum of money that a company's customers owe before subtracting any provisions for accounts that might not be collectible.

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