Match the term and its definition. There are more definitions than terms. A. Accounts Receivable B. Annual Interest Rate C. Write-Off D. Maturity Date E. Notes Receivable F. Aging of Accounts Receivable G. Principal H. Net Accounts Receivable 1. Credit Terms J. Percentage of Credit Sales Method K. Allowance Method L. Net Realizable Value 23 1. The process of removing specific customers' accounts deemed uncollectible. *** 2. When a company increases the amount of accounts receivable by adding the interest earned as accounts age without being collected. 3. An accounting method which involves estimating bad debts. 4. An agreement by a borrower to repay the lending company with interest during a specified time period. 2009 5. How much money you can expect to earn over a period of time selling your goods. 6. The total amount of money loaned through notes that the lender has not yet collected. 7. A system used by companies to allocate their budgets over the different operating expenses. 23 8. The interest that a company receives during the year divided by the principal of the loan. 9. The portion of Accounts Receivable that the company expects to collect. *** 10. Credit that a company receives when one good is exchanged for another. 11. Also known as net accounts receivable. *** 12. The length of the credit period and any discounts offered for prompt payment. 2009 13. The amount of money lent 2009 14. The denominator of the receivables turnover ratio. 23 15. A financial statement that shows the calculation of Bad Debt Expense for a company. 16. The time at which a borrower must make annual interest payments 17. A method of estimating uncollectible debts by forecasting the probability of not collecting late accounts 2009 18. A method of estimating uncollectible debts by looking at the historical average of credit sales not collected. 19. Total money owed the company for sales made on credit. #C 20. The time at which a loan must be repaid