Match Each Definition with the Correct Term Below

question 114

Multiple Choice

Match each definition with the correct term below.
-Allowance method

• A)One way to control a cash fund and cash advances.
• B)A minimum amount that a bank requires a company to keep in its bank account as part of a credit-granting arrangement.
• C)The method of estimating uncollectible accounts that calculates the Uncollectible Accounts Expense.
• D)The process of accounting for the difference between the balance on a company's bank statement and the balance in its Cash account.
• E)The total proceeds of a promissory note.
• F)An unconditional promise to pay a definite sum of money on demand or at a future date.
• G)The method of accounting for uncollectible accounts that matches bad debts against the sales they help produce.
• H)Short-term financial assets that arise from credit sales made in the ordinary course of doing business.
• I)A method of conducting business transactions that does not involve the actual transfer of cash.
• J)The cost of borrowing money or the return on lending money.
• K)A potential liability that can develop into a real liability if a particular event occurs.
• L)The method of estimating uncollectible accounts that calculates the targeted balance of Allowance for Uncollectible Accounts.

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Definitions:

Amino Acids

The building blocks of proteins, consisting of a basic amino group, an acidic carboxyl group, and a unique side chain.

Complex Carbohydrate

A carbohydrate consisting of long chains of glucose molecules, such as starches and fiber, which the body breaks down into glucose for energy.

Maltose

A sugar composed of two glucose molecules, resulting from the enzymatic breakdown of starch.

MyPlate Icon

A visual guide created by the USDA to help Americans understand and follow healthy eating patterns, depicting the recommended dietary proportions of fruits, vegetables, grains, protein foods, and dairy.