Examlex
Insufficient production of erythrocytes due to lack of vitamin B12 is the cause of
Net Realizable Value
The estimated selling price of an item of inventory less any direct costs of disposal, such as sales commissions.
Allowance for Doubtful Accounts
A contra-asset account representing estimated uncollectible accounts receivable due to the customer's inability to pay.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Direct Write-off
A method for recognizing bad debt expense when a specific account receivable is determined to be uncollectible, directly reducing accounts receivable and recognizing the expense.
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