| A | B |
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| aging of accounts receivable method | When customers' accounts are first classified according to the due date of the account, the ____________ is being used to estimate the total uncollectible accounts. |
| allowance method | The _________ of accounting for uncollectible accounts matches potential uncollectible accounts expenses with the sales made during the same fiscal period. |
| book value of accounts receivable | The amount of money that a business |
| change fund | A(n) _________ is an amount of money, consisting of varying denominations of bills and coins, that is used to make change in cash transactions. |
| direct write-off method | The __________ removes an uncollectible amount from the accounts receivable subsidiary ledger and from the controlling account when the business decides that the account is not going to be paid. |
| installment sale | When a business sells goods or services and allows the customer to pay for purchases over a period of time, the transaction is called a(n) __________. |
| marketable securities | Cash that is not needed for immediate operations is often invested in short-term investments called __________. |
| percentage of net sales method | The __________ assumes that a certain percentage of the current year's net sales will be uncollectible. |
| petty cash fund | Cash that a business keeps on hand with thich to make small cash payments is called a(n) _________. |
| publicly held corporation | A(n) _____ is one whose stock is widely held, has a large market, and is usually traded on a stock exchange. |
