When Using the Direct Method to Account for Uncollectibles,an Allowance

question 39

True/False

When using the direct method to account for uncollectibles,an allowance account is used.

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Definitions:

Categorical Data

Information that is divided into groups or categories which are mutually exclusive and cannot be ordered or ranked.

Categorical Data

Refers to data types that represent categories - they can be names, labels, or numbers that identify into which of several categories each data point falls.

Pivot Tables

A data summarization tool found in data visualization programs such as Excel, which can automatically sort, count, and total the data stored in one table or spreadsheet and create a second table displaying the summarized data.

Large Data Set

A collection of data that is so large and complex that traditional data processing applications are inadequate to deal with them.