____ Is a Term Describing Changes in Technology and Web

question 49

Multiple Choice

____ is a term describing changes in technology and Web site design to enhance information sharing,collaboration,and functionality on the Web.

• A) Web 2.0
• B) Internet 2.0
• C) HTML 4.0
• D) Google

---

Definitions:

Allowance for Doubtful Accounts

A contra-asset account that represents the amount of accounts receivable that a company does not expect to collect.

Uncollectible Receivables

Amounts due from customers that are considered unattainable and likely to never be collected.

Adjusting Entry

An adjusting entry is a journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period, ensuring the accounts comply with the accrual basis of accounting.

Direct Write-off Method

An accounting method where uncollectible debts are charged directly to expense as they are deemed to be uncollectible, not matching expenses to related revenues.