Which of the following balance sheet items does not require estimation?

Select one:

a. The amount shown for vehicles

b. The amount shown for cash

c. The amount shown for accounts receivable

d. The amount shown for inventory

The amount owing from accounts receivable is usually shown in the balance sheet after deducting an allowance for doubtful debts.

Select one:

True

False

There are no estimates required in accounting so all amounts recorded are known with certainty.

Select one:

True

False