Examlex
Match the following terms (a-e) with their definitions.
-Plots only the difference between total sales and total costs
Outstanding Accounts Receivable
Amounts due to a company from customers for goods or services provided on credit but not yet paid.
Bad Debt Percentage
Bad debt percentage is the proportion of receivables that a company expects not to collect, used in estimating the allowance for doubtful accounts.
Allowance
In accounting, an estimate for future adjustments to accounts receivable, reflecting debts that might not be collectible.
Allowances for Doubtful Accounts
Allowances for doubtful accounts is a contra asset account used to estimate the portion of a company's receivables that may ultimately not be collectible.
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