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The part of the client's plan of care that the personal care provider is most involved with is
Net Sales
Total revenues from sales transactions minus returns, allowances, and discounts.
Allowance Method
A method of accounting for bad debts that involves estimating and recording uncollectible accounts receivable as an expense.
Write-Off
An accounting action whereby the value of a bad debt or an asset is reduced to zero, acknowledging it as a loss.
Average Collection Period
The average time it takes for a company to receive payments from its customers.
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