Examlex

Solved

Which of the Following Methods Is LEAST Likely to Protect

question 80

Multiple Choice

Which of the following methods is LEAST likely to protect the security of HRIS records?


Definitions:

Uncollectible Receivables

Amounts due from customers that are considered unlikely to be collected and are written off as a loss.

Bad Debt Expense

The expenses linked to the accounts receivable that a business cannot recover.

Debit Balance

A situation in an account where the sum of debits exceeds the sum of credits, indicating an amount owed or an asset.

Allowance for Doubtful Accounts

An estimation of the accounts receivable that is not expected to be collected, reducing the gross receivables to the amount that is expected to be collected.

Related Questions