Examlex
Find the limit (if it exists) .
Allowance Method
The method of accounting for uncollectible accounts that provides an expense for uncollectible receivables in advance of their write-off.
Receivables
All money claims against other entities, including people, business firms, and other organizations.
Written Off
The process of recognizing that a portion of a company's assets or receivables has decreased in value and is unlikely to be recovered, thus removing it from the balance sheet.
Account Receivable
A claim against the customer created by selling merchandise or services on credit.
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