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The movement of turning your head is called
Bad Debt Expense
The portion of receivables that a company estimates it will not collect, considered as an expense in the income statement.
Estimated Uncollectible Accounts
An accounting provision for debts that are anticipated to be uncollectable from customers or clients.
Direct Write-off Method
An accounting approach where uncollectable accounts receivable are directly written off against income at the time they are deemed to be uncollectible.
Generally Accepted Accounting Principles
A set of rules, standards, and practices used by accountants in the U.S. to prepare, present, and report financial statements.
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