Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
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

Ch 9:1

Vocabulary

QuestionAnswer
Acid-Test Ratio Ratio of the sum of cash plus short-term investments plus net current receivables, to current liabilities.
Aging-Of-Accounts Method A way to estimate bad debts by analyzing individual accounts receivable according to the length of time they have been receivable from the customer.
Allowance for Doubtful Accounts A contra account, related to accounts receivable, that holds the estimated amount of collection losses.
Allowance for Uncollectible Accounts Also called Allowance for Doubtful Accounts.
Allowance Method A method of recording collection losses on the basis of estimates, instead of waiting to see which customers the company will not collect from.
Bad-Debt Expense A company unable to collect from some customers, and that creates an expense.
Balance-Sheet Approach An entity's assets, liabilities, and owner's equity as of a specific date.
Collection Period Also called Days' Sales in Receivables.
Creditor The party to a credit transaction who sells goods or a service and obtains a receivable.
Days' Sales In Receivable Ratio of average net accounts receivable to one day's sales.
Debtor The party to a credit transaction who makes a purchase and has a payable.
Default On A Note Also called default on a note.
Direct Write-Off Method A method of accounting for uncollectible receivables, in which the company waits until the credit department decides that a customer's account receivable is uncollectible.
Discounting A Note Receivable Selling a note receivable before its maturity date.
Dishonor Of A Note Failure of a note's maker to pay a note receivable at maturity.
Doubtful-Account Expense Also called Bad-Debt Expense.
Due Date The date when final payment of the note is due.
Created by: mattschultice
 

 



Voices

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:
Retries:
restart all cards