________ Tests a Numerical Amount to Ensure That It Does

question 63

Multiple Choice

________ tests a numerical amount to ensure that it does not exceed a predetermined value nor fall below another predetermined value.

• A)Completeness check
• B)Field check
• C)Limit check
• D)Range check

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Definitions:

Bad Debt Expense

The estimated amount of accounts receivable that is not expected to be collected.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible, reflecting potential losses due to credit sales.

Uncollectible Receivables

Debts owed to a company that are considered unlikely to be paid by the debtor.

Bad Debt Expense

An expense account reflecting the estimated amount of receivables that are expected not to be collected.