When the Data Leave a Process Does NOT Match the Data

question 31

Multiple Choice

When the data leave a process does NOT match the data entering a process, this is called

• A)An acceptable data flow
• B)Black hole
• C)Gray hole
• D)Miracle

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Definitions:

General Ledger Account

A comprehensive set of accounts that provides a complete record of all financial transactions of a company.

Allowance Method

An accounting technique used to estimate and account for potential uncollectable debts or credit sales.

Uncollectible Receivables

Debts owed to a company that are considered unlikely to be paid by the debtor, often written off as bad debts.

Bad Debts Expense

Bad debts expense is the cost to a business of accounts receivable that are not collected because customers are unable to pay.