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 that 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 that 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 that 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