Examlex
When does exon shuffling occur?
Allowance Account
An accounting reserve established to adjust the carrying value of accounts receivable to their net realizable value, recognizing potential losses from uncollectible accounts.
Written Off Accounts
Accounts receivable that a company deems uncollectible and removes from its books.
Bad Debt Expense
The portion of accounts receivable that is estimated to be uncollectible and is recognized as an expense in the financial statements.
Credit Sales
Transactions where goods are sold and payment is deferred, typically allowing the customer to pay at a later date without interest.
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