Victim-Offender Restitution (VOR)is a Specialized Form of Mediation Designed for Cases

question 6

True/False

Victim-Offender Restitution (VOR)is a specialized form of mediation designed for cases in which someone is guilty of a crime.

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Definitions:

Bad Debt Expense

An expense recorded to account for receivables that are expected not to be collected.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.

Net Sales

The total revenue a company generates from sales after subtracting returns, allowances, and discounts.

Increase in Accounts Receivable

A situation where the amount of money owed by customers to a company grows due to sales on credit outpacing payments received.