Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

account. vocab # 9


collection period collection period same as days sales in receivables
acid test ratio acid test ratio the sum of cash plus short term investments
aging of account methods aging of account methods a way to estimate bad debts by analyzing indivdual accounts receivable according to the length of time
allowance for doubtful accounts allowance for doubtful accounts a way to estimate bad debits by analyzing individual accounts
allowance for uncollectables accounts allowance for uncollectable accounts same a scaxxounts receivable
allowance method allowance method according collection losses on the basis of estimates
bad debt expense bad debit expense
balance sheet approach balance sheet approach statement of finacial position
creditor creditor person who credits accounts for their worth
days sales in receivables days sales in receivables avg. of every net accounts receivable to ones days sales.
debtor debtor the party to a credit transaction who makes a purchase and has a payable
default on a note default on a note
direct write off method direct write off method accountinf for uncollectable receivables company decides that the account held by the customer is due so
discounting a note receivable discounting a note receviableselling it before ITS DUE DATE
dishonor of a note dishonor of a note notes maker fails to make payments
doubtful account expense doubtful account expense no payment to the account
due date due date when the note is receivable
Created by: Dan Muszynski
Popular Accounting sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards