Examlex
The Song of Roland is useful for historians because it:
Allowance Method
The allowance method is an accounting approach that estimates and reports bad debts as an expense and accounts for receivables that are not expected to be collected.
Bad Debts Expense
The cost associated with accounts receivable that a company does not expect to collect because customers default on payments.
Direct Write-off Method
A method where uncollectible accounts receivable are written off directly against income at the time they are deemed to be uncollectible.
Uncollectible Accounts
Accounts receivable deemed uncollectible by a business, representing money owed by customers that is unlikely to be paid and usually written off as an expense.
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