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In reciprocal teaching
Allowance Method
An accounting technique used to estimate uncollectible accounts receivable and adjust the carrying value of the accounts.
Receivables
Receivables are amounts owed to a company by its customers or other parties for goods or services delivered but not yet paid for.
Uncollectible Accounts
Amounts owed to a company that it does not expect to collect due to customers being unable or unwilling to pay.
Allowance for Doubtful Accounts
An accounting provision made for receivables which may not be collectible.
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