Examlex
When conducting a posting for a job vacancy and selecting an employee to fill the vacancy employers must ensure that:
Uncollectible Account
A receivable owed to a company that is considered unlikley to be paid and is written off as a loss.
Other Receivable
Amounts owed to the company from parties other than customers, typically within a short time frame.
Uncollectible Receivables
Money owed to a company that is unlikely to be paid by the debtor, leading to its classification as a bad debt.
Doubtful Accounts Expense
An estimated expense recognized in the accounting period for accounts receivable that may not be collectible, also known as a provision for bad debts.
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