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Beliefs derive from:
Uncollectible Accounts Expense
Expenses related to uncollectible amounts from credit sales.
Allowance Account
A contra account that reduces the total amount of accounts receivable on the balance sheet to reflect uncollectible amounts.
Accounts Receivable
Amounts owed to a company by customers for goods or services provided on credit.
Uncollectible Accounts
Accounts receivable that a company has deemed uncollectible from debtors, leading to their classification as bad debts.
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