Word Scramble for..
.Accounts Receivable and Bad Debts Expense
NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".
If you have any difficulty answering the questions, learn more about this topic by reading our mini-lectures covering introductory to Accounts Receivable and Bad Debts Expense.
| Word Clue | Answer |
Unscrambled Answer | |
| 1. | Collections of amounts from customers who had purchased on credit are ___________ to Accounts Receivable. | TRICDEED | CREDITED |
| 2. | When sales terms are FOB______________ title passes at the buyer's location. | INTDAOISETN | DESTINATION |
| 3. | The valuation account associated with Accounts Receivable is the _____________ for Doubtful Accounts. | OWNACLALE | ALLOWANCE |
| 4. | When terms are 2/10, n/30, the seller is allowing a 2% _________ if the invoice is paid within 10 days. | TUSIDCON | DISCOUNT |
| 5. | Sorting the accounts receivable according to the dates of the sale invoices is the _________ of accounts receivable. | IGAGN | AGING |
| 6. | The percentage of ______________ method for bad debts focuses on the balance reported in the allowance account. | SBEEARIVLEC | RECEIVABLES |
| 7. | The percentage of ______ method for bad debts focuses on the expense reported on the income statement. | EASSL | SALES |
| 8. | The _________ write-off method for bad debts is required for income tax purposes. | EIDRTC | DIRECT |
| 9. | Accounts receivable is reported as a __________ asset. | EUCTNRR | CURRENT |
| 10. | Annual credit sales divided by the average balances in accounts receivable is the receivables _________________ ratio. | ERTVRUNO | TURNOVER |
If you have any difficulty answering the questions, learn more about this topic by reading our mini-lectures covering introductory to Accounts Receivable and Bad Debts Expense.
