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What is the default number of days for Excel change history?
Allowance Account
An account used to reduce the carrying amount of accounts receivable or loans to their net realizable value, reflecting expected losses due to uncollectibility.
Aging
A method used to categorize accounts receivable based on the length of time an invoice has been outstanding.
Accounts Receivable
Unpaid customer debts to a company for goods or services that have been supplied.
Bad Debts Expense
An expense reported on the income statement reflecting the cost of estimated uncollectible accounts receivable.
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