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Decisions might affect the past.
Uncollectible Accounts
Accounts receivable that a company has deemed unlikely to be collected and thus written off as a loss.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.
Bad Debt Expense
The cost associated with accounts receivable that a company does not expect to collect because customers default on their payments.
Note Duration
The length of time until a promissory note, or loan agreement, is due to be paid in full.
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