Estimating Uncollectible Accounts by Analyzing Receivables from Specific Customers According

question 71

Multiple Choice

Estimating uncollectible accounts by analyzing receivables from specific customers according to how long each has been outstanding is known as the:

• A)direct write-off method.
• B)percent-of-sales method.
• C)allowance method.
• D)aging-of-receivables method.

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Definitions:

HOME Tab

The primary tab in software applications that houses essential functions and tools for user operations.

Aggregate Field

In database and spreadsheet software, an aggregate field calculates the sum, average, count, max, or min of data values in a collection of records or cells.

Calculated

Describes a value or result obtained through a mathematical process or computation.

Customer Number

is a unique identifier assigned to individuals or entities to track their transactions or interactions with a business.