List the Domain Functional Levels That a Target Domain Can

question 34

Essay

List the domain functional levels that a target domain can be operating in when using ADMT v3.1.

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Definitions:

Recording

The act of documenting financial transactions in accounting records.

Estimated Bad Debts

A provision for accounts receivable that are expected not to be collected, thereby adjusting the value of gross receivables to a more realistic figure.

Uncollectible Account

An account receivable that a company deems unlikely to be collected and thus writes off as a bad debt expense.

Net Income

The total earnings of a company after subtracting all expenses from revenue, representing the profit made in a given period.