Listed Below Are Ten Terms Followed by a List of Phrases

question 109

Multiple Choice

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Actual bad debts.

• A)Accounts receivable
• B)Allowance method
• C)No effect
• D)Direct write-off method
• E)Net realizable value
• F)Aging method
• G)Bad debt expense
• H)Receivables written off
• I)Decrease assets and increase expenses
• J)Allowance for uncollectible accounts

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Definitions:

Etiquette

The set of conventional rules of personal behaviour in polite society, usually in the form of accepted social conduct.

Following Up

Following up involves contacting someone after an initial interaction or meeting to discuss the next steps, provide additional information, or remind them of upcoming deadlines.

Solicited

Asked for or requested, typically in a formal way.

Prospecting

The process of searching for potential customers, clients, or buyers in order to develop new business.