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Due to our ozone layer, ultraviolet astronomy must be done from space.
Allowance Method
An accounting technique used to estimate and account for bad debts or credit losses.
Uncollectible Accounts Expense
This refers to the expense recorded by a business to cover debts that are not expected to be collected due to customers being unable to pay.
Allowance for Doubtful Accounts
A method used in accounting to estimate the portion of accounts receivable that may not be collected.
Contra Asset
An account that is used to reduce the value of a related asset, such as accumulated depreciation reducing the book value of fixed assets.
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