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Percentage of Receivables
A method used to estimate the amount of bad debt expense by calculating a fixed percentage of accounts receivable to be uncollectible.
Uncollectible Accounts
Accounts receivable that a company has determined are unlikely to be collected and written off as an expense.
Allowance for Doubtful Accounts
An accounting concept used to estimate the portion of accounts receivable that may not be collected.
Net Credit Sales
The total revenue from sales made on credit, after subtracting returns and allowances.
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