Examlex
Identify the pronoun or pronouns in the sentence.
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Allowance for Doubtful Accounts
An accounting concept representing the estimated amount of receivables that may not be collected, thereby reducing accounts receivable to a more realistic value.
Adjustment
An accounting entry made into the books before the preparation of financial statements to allocate income and expenditure to the correct period.
Balance Sheet Approach
A method of accounting that focuses on reporting asset, liability, and equity balances.
Bad Debts Expense
Bad debts expense represents the loss that a company anticipates or realizes due to the inability to collect payments from customers or clients who have failed to fulfill their financial obligations.
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