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Under what king's rule did Samuel de Champlain found the colony of Quebec?
Uncollectible Accounts
Receivables that are recognized as losses after all attempts to collect the money owed have failed, indicating debts unlikely to be recovered.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables amount to reflect what is expected to be collectible.
Bad Debts Expense
An expense account reflecting the cost of accounts receivable that a company does not expect to collect.
Uncollectible Accounts
Refers to receivables that are deemed unlikely to be collected, indicating potential losses for a company.
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