Examlex
What happens physically during the process of crossing over?
Reinstated Account
An account previously closed or inactivated that has been restored to active status.
Uncollectible Receivables
Debts that are deemed unrecoverable by a company after exhaustive attempts to collect them, often written off as an expense.
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Net Realizable Value
The estimated selling price of inventory in the ordinary course of business minus any costs for completion, disposal, and transportation.
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