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.
-_____ The amount of the adjustment to the allowance for uncollectible accounts during the period.

Question

Quizplus · Accepted Answer

Bad debt expense is the term related to the adjustment of the allowance for uncollectible accounts during the period.

Answer: J
 Allowance for uncollectible accounts is the term related to the amount of the adjustment to the allowance for uncollectible accounts during the period.

Answer: A
 Accounts receivable are the term related to the amount owed to a company by its clients or customers with a certain amount of credit.

Answer: B
 Allowance method is the term related to the accounting practice of estimating and recording bad debt expenses based on historical data and other relevant factors.

Answer: I
 Decrease assets and increase expenses is the term related to the direct write-off method of accounting for uncollectible accounts, where assets and expenses are adjusted only when a client defaults on a payment.

Listed Below Are Ten Terms Followed by a List of Phrases