The Percent-Of-Sales Method of Computing Uncollectible Accounts for Accounts Receivable

question 70

Multiple Choice

The percent-of-sales method of computing uncollectible accounts for Accounts Receivable is used for:

• A)interim statements because it is more accurate than the aging method.
• B)annual statements because it is more accurate than the aging method.
• C)interim statements because it is easier than the aging method.
• D)annual statements because it is easier than the aging method.

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Definitions:

Clerical Model

A framework used in administrative contexts focusing on routine administrative tasks, record keeping, and general office management.

Human Resources

The division of a business that deals with finding, screening, recruiting, and training job applicants, as well as managing employee-benefit programs.

Employee Confidentiality

The principle of keeping sensitive information about employees secure and private within an organization.

Employee Assistance Program

A workplace initiative offering confidential support and counseling for employees facing personal or work-related problems.