Match Each Definition with the Correct Term Below

question 103

Multiple Choice

Match each definition with the correct term below.
-Electronic funds transfer (EFT)

• 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:

Ossification

Bone formation; also called osteogenesis.

Skeletal Muscles

These are muscles attached to bones that are responsible for voluntary movements of the body.

Duodenum

First division of the small intestine; connects to the stomach.

Anterior Pituitary

The front portion of the pituitary gland that secretes hormones affecting growth, metabolism, and reproductive functions.