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Match the Items Below

Question 249

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Match the items below:

Premises:
Sales that involve the customer, the retailer, and the credit card issuer.
The net amount expected to be received in cash.
Emphasizes expected cash realizable value of accounts receivable.
Analysis of customer account balances by length of time they have been unpaid.
Bad debt losses are not estimated and no allowance account is used.
Notes and accounts receivable that result from sales transactions.
A written promise to pay a specified amount on demand or at a definite time.
A measure of the liquidity of receivables.
A note which is not paid in full at maturity.
Responses:
Cash net realizable value
Direct write-off method
Dishonored note
Promissory note
Credit card sales
Percentage of receivables basis
Obligation due
Accounts receivable turnover
Trade receivables
Aging the accounts receivable

Correct Answer:

Cash net realizable value
Direct write-off method
Dishonored note
Promissory note
Credit card sales
Percentage of receivables basis
Obligation due
Accounts receivable turnover
Trade receivables
Aging the accounts receivable
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