"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 24

This list focuses on uncollectible accounts receivable (Unit 5, Chapter 24).

Here are links to all the chapters of Unit 5, Accounting for Special Procedures: Chapter 22, Chapter 23, Chapter 24, Chapter 25, Chapter 26

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
15 words 6 learners

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Full list of words from this list:

words only definitions & notes
  1. collect
    call for and obtain payment of
  2. debt
    money or goods or services owed by one person to another
  3. allowance
    an amount added or deducted due to qualifying circumstances
  4. method
    a way of doing something, especially a systematic way
  5. percentage
    a proportion in relation to a whole
  6. prospective
    of or concerned with or related to the future
  7. approximate
    not quite exact or correct
  8. assume
    take to be the case or to be true
  9. extend
    make available; provide
  10. credit
    arrangement for deferred payment for goods and services
  11. overdue
    not paid at the scheduled time
  12. risk
    expose to a chance of loss or damage
  13. likely
    having a good chance of being the case or of coming about
  14. experience
    the accumulation of knowledge from participation in events
  15. reinstate
    bring back into original existence, function, or position
Created on Wed Oct 19 17:22:45 EDT 2016 (updated Fri Oct 21 17:34:07 EDT 2016)

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