Final answer:
Accounts receivable transactions and bad debts adjustments are concepts related to financial accounting.
Step-by-step explanation:
The accounts receivable transactions and bad debts adjustments discussed in Problem 7-4A are concepts related to financial accounting. Financial accounting involves the recording, summarizing, and reporting of financial transactions of a business. It focuses on providing information to external users, such as investors, creditors, and government regulators, to make informed decisions about the business.