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Bad Debt Expense
Bad debt expense is an estimate of the uncollectible amounts for credit sales or loans extended, recognized as an expense in the income statement.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Accounts Receivable
Money owed by customers to a company for goods or services provided on credit.
Notes Receivable
A customer’s written promise to pay an amount and possibly interest at an agreed-upon rate.
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