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Estimated Uncollectible Accounts
An accounting provision for debts that are anticipated to be uncollectable from customers or clients.
Direct Write-off Method
An accounting approach where uncollectable accounts receivable are directly written off against income at the time they are deemed to be uncollectible.
Generally Accepted Accounting Principles
A set of rules, standards, and practices used by accountants in the U.S. to prepare, present, and report financial statements.
Bad Debt Losses
Financial losses resulting from customers' inability to pay back money owed.
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