Examlex
What is the most common form of collective intelligence found inside the organization?
Income Statement Approach
A method used to determine income tax liabilities by examining the revenues, expenses, gains, and losses reported on a company's income statement.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Bad Debts
Accounts receivable that a company does not expect to collect and therefore writes off as a loss.
Allowance for Doubtful Accounts
A contra-asset account that estimates the portion of accounts receivable which may never be collected.
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