Examlex
It is possible to have a wireless network that does not connect to a wired network.
Aging the Accounts
The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.
Adjusting Entry
A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.
Bad Debt Expense
An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.
Open Account
A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.
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