Examlex
What type of object has been proposed to explain the tremendous activity detected at the center of the Milky Way Galaxy?
Allowance Method
An accounting technique used to account for bad debts, which estimates uncollectible accounts receivable and creates a provision for them.
Accounts Receivable
Financial dues from customers to an organization for products or services that have been dispensed but not reimbursed.
Allowance for Doubtful Accounts
A contra asset account used to estimate the portion of a company's receivables that may not be collectible.
Bad Debts Expense
This is an expense reported on the income statement, reflecting the cost of credit sales that a company does not expect to collect.
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