Unit 12: Vocabulary

Please study the 20 vocabulary below and press the 'Mark Complete' button.
UK
US
accurate
free from errors, careful
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US
Make sure the figures are accurate before submitting the tax return.
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US
allowance for uncollectable accounts
a contra asset account recording debts which may not be collected
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US
We need to post that debt to the allowance for uncollectable accounts as the company has gone into receivership and we probably won't be paid.
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US
amend
to improve by correcting existing information
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US
The entry was posted to the wrong account so the account had to be amended.

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