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What caused the sharp decrease in Canada's exports and imports in 2008?
Employee Advance
A prepayment to employees by a company, often covering travel expenses or payment before the regular payroll date.
Notes Receivable
Claims held by a party for payments due from debtors, usually evidenced by a formal instrument of indebtedness such as a promissory note.
Allowance Method
An accounting approach to managing bad debts by estimating and recording uncollectable accounts receivable as an expense before the debts are known to be uncollectable.
Bad Debts Expense
The cost associated with the portion of accounts receivable that is estimated to be uncollectible during a fiscal period.
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