Vocabulary Questions?

Question

I have 3 vocab words and 3 vocab descriptions and I don't know how to match them up. Help!

D. Trade receivables

E. Percentage of sales basis

F. Percentage of receivables basis

1. Amounts owed by customers from the sale of goods and services.

2. Emphasizes expected cash realizable value of accounts receivable.

3. Generally not acceptable for financial reporting purposes

Answer 1

D. Trade receivables.  1. Amounts owed by customers.....

E. % of Sales basis.  3.  Generally not acceptable for financial reporting purposes.

F. % of Receivable basis. 2.  Emphasizes expected cash realizable value of accounts rfeceivable.