Match Each Item with the Correct Description Below

question 57

Multiple Choice

Match each item with the correct description below.

-malignant tumor composed of fiber (fibrous tissue)

• A)palliative
• B)apoptosis
• C)fibrosarcoma
• D)remission
• E)prognosis
• F)leiomyosarcoma

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables on the balance sheet by an amount estimated to be uncollectible.

Uncollectible Accounts

These are debts that cannot be collected by a business, typically due to the debtor's inability to pay.

Adjusting Entries

The journal entries that bring the accounts up to date at the end of the accounting period.

Credit Balance

A situation in a financial account where the total credits exceed the total debits, often indicating an amount owed to the account holder.