chp 9 sec 1 Word Scramble
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| Question | Answer |
| acid test ratio | sum of cash and investments "acid" |
| aging of accounts method | the accounts getting old |
| money for doubtful account | money for doubtful |
| allowance for uncollectible accounts | allowance for uncollectible |
| allowance method | ALLOWANCE method recording collection losses |
| collection period | collect the periods |
| creditor | party to a credit transaction "credit" |
| debtor | party to a credit transaction "debit" |
| dishonor of a note | failure to pay a note payable |
| direct write off method | company decides that a customers A/R is uncollectible |
| discounting "selling" a note receivable | selling a note receivable before its time |
| due date | date when final payment of a note is due "funny movie" |
Created by:
12azimmerman
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