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The Term Meaning "Meeting the Needs of the Present Without

question 68

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The term meaning "meeting the needs of the present without compromising the ability of future generations to meet their own needs" that originated in the Brundtland Commission report (also known by the title Our Common future) is:


Definitions:

Allowance for Doubtful Accounts

Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.

Credit Sales

Sales made on credit, allowing the buyer to pay the seller at a later date.

Sales Discounts

Reductions in the selling price offered to customers, often as an incentive for early payment or bulk purchases.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the amount of accounts receivable that may not be collectible.

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