Examlex
Modifier -51 can be used to report which of the following situations?
Bad Debt Expense
A financial accounting concept representing the amount of revenue considered uncollectible from customers or clients.
Percent Of Sales Method
A financial forecasting model that estimates future financial statements based on assumed sales growth and historical financial ratios.
Bad Debts
Unrecoverable amounts owed to a company by debtors that are deemed uncollectable and written off as a loss.
Receivables Methods
Methods used by businesses to manage and account for money owed to them by customers for goods or services delivered on credit.
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