Accounting Chapter 14
Quiz
•
Specialty
•
9th - 12th Grade
•
Practice Problem
•
Medium
Tina Gummo
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38 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Crediting the estimated value of uncollectible accounts to a contra account.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The difference between the balance of Accounts Receivable and its contra account, Allowance for Uncollectible Accounts.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The difference between an asset’s account balance and its related contra account.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of accounts receivable a business expects to collect.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A method used to estimate uncollectible accounts receivable that assumes a percent of credit sales will become uncollectible.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A method that uses an analysis of accounts receivable to estimate the amount that will be uncollectible.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Analyzing accounts receivable according to when they are due.
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