When Using an Aging Method for Estimating Uncollectible Accounts

question 1

Multiple Choice

When using an aging method for estimating uncollectible accounts:

• A)Older accounts are considered less likely to be collected.
• B)The number of days the account is past due is not considered.
• C)Older accounts are considered more likely to be collected.
• D)No estimate of uncollectible accounts is made.

---

Definitions:

Areas Of Competence

Specific fields or domains in which an individual or organization possesses expertise and proficiency.

Organize Résumé

The process of arranging or structuring a résumé in a logical and clear manner to highlight relevant information.

Functionally

In a manner that relates to the practical use or purpose of something rather than its aesthetics.

Chronologically

In order of time, from the earliest to the latest.