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Match each of the following definition with its terms. Terms Deinions Racions in amount wed by customers because of deliciency in products or service Famall
Match each of the following definition with its terms. Terms Deinions Racions in amount wed by customers because of deliciency in products or service Famall credit arrangements evidenced by a writen dabt instrument c Amount of cash awed to the company by customers from the sale at products or services on account d. Recording bad debt expense at the time the account is known to be uncollectible - Sales Un conto customers Reductions in amount owed by customers payment on account is made within a specified period of time 9 Total revenues less retums, allowances, and discounts Recording an adjustment at the end of each period for the estimate of future uncollectible accounts. i Estimated percentage of uncolectible accounts is greater for old accounts than for new accounts
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