Match the following terms with the explanations below.If no term fits the explanation write none _________ (1)A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
_________ (2)An account showing the amount of estimated uncollectible receivables.
_________ (3)The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
_________ (4)Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
_________ (5)Very short-term liquid investments which must mature within 90 days of acquisition.
_________ (6)Cash and assets convertible directly into known amounts of cash.
_________ (7)An account showing the difference between the cost of an investment in marketable securities and its market value.
_________ (8)The value of a note at its maturity date.
_________ (9)Highly liquid investments that can be sold in organized securities exchanges.

Question

Match the following terms with the explanations below.If no term fits the explanation write none  _________ (1)A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
_________ (2)An account showing the amount of estimated uncollectible receivables.
_________ (3)The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
_________ (4)Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
_________ (5)Very short-term liquid investments which must mature within 90 days of acquisition.
_________ (6)Cash and assets convertible directly into known amounts of cash.
_________ (7)An account showing the difference between the cost of an investment in marketable securities and its market value.
_________ (8)The value of a note at its maturity date.
_________ (9)Highly liquid investments that can be sold in organized securities exchanges.

Quizplus · Accepted Answer

The Answer of Match the following terms with the explanations below.If no term fits the explanation write none  _________ (1)A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
_________ (2)An account showing the amount of estimated uncollectible receivables.
_________ (3)The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
_________ (4)Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
_________ (5)Very short-term liquid investments which must mature within 90 days of acquisition.
_________ (6)Cash and assets convertible directly into known amounts of cash.
_________ (7)An account showing the difference between the cost of an investment in marketable securities and its market value.
_________ (8)The value of a note at its maturity date.
_________ (9)Highly liquid investments that can be sold in organized securities exchanges.

Match the Following Terms with the Explanations Below