Another Term for Uncollectible-Account Expense Is

question 29

Multiple Choice

Another term for uncollectible-account expense is:

• A)doubtful-account expense.
• B)bad-debt expense.
• C)both A and B
• D)none of the above.

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Definitions:

Express Conditions

Clearly stated stipulations in a contract that must be met for contractual obligations to be performed or for certain outcomes to take place.

Discharge

The completion, termination or nullification of a legal obligation or duty.

Obligations

Duties or responsibilities imposed by law, contract, or moral principals.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.