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Physiologic problems of older adults include
Matching Principle
An accounting principle that states expenses should be recorded during the period in which they are incurred, matched with the revenues they generate.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables reported to reflect the amount that is expected to be uncollectible.
Bad Debt Expense
Bad debt expense is the cost associated with accounts receivable that a company cannot collect.
Allowance Method
An accounting technique to estimate and record bad debts expense, acknowledging that a certain percentage of accounts receivable may not be collectible.
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