Accounting Chapter 14

Accounts receivable that cannot be collected:

• Uncollectible Accounts
• Writing off an Account
• Note Receivable
• Promissory Note

Crediting the estimated value of uncollectible accounts to a contra account: 

• Allowance Method
• Book Value
• Direct Write-Off Method
• Dishonored Method

The difference between an asset’s account balance and its related contra account balance:

• Book Value
• Interest Value
• Maturity Value
• Dishonored Value

The difference between the balance of Accounts Receivable and its contra account, Allowance for Uncollectible Accounts:

• Book Value of Accounts Receivable
• Maker Value
• Maturity Value
• Interest Value

The amount of accounts receivable a business expects to collect:

• Net Realizable Value
• Maturity Value
• Maturity Date
• Interest Rate

A method used to estimate uncollectible accounts receivable that assumes a percent of credit sales will become uncollectible:

• Percent of Sales Method
• Percent of Accounts Receivable Method
• Principal Method
• Promissory Method

A method used to estimate uncollectible accounts receivable that uses an analysis of accounts receivable to estimate the amount that will be uncollectible:

• Percent of Accounts Receivable Method
• Percent of Sales Method
• Payee Method
• Not Receivable Method

Analyzing accounts receivable according to when they are due:

• Aging od Accounts Receivable
• Allowance Method
• Book Value
• Interest Value

Canceling the balance of a customer account because the customer does not pay:

• Writing off an Account
• Canceling an Account
• Writing off a Payee Account
• None of These

A written and signed promise to pay a sum of money at a specified time:

• Promissory Note
• Principal Note
• Time of a Note
• Uncollectible Note