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Historical Relationship
Patterns or linkages identified through the analysis of past data, often used for forecasting future trends or dynamics.
Bad Debt Expense
An estimated expense that represents accounts receivable that a company does not expect to collect due to customer defaults.
Net Credit Sales
The total amount of sales made on credit minus returns and allowances, representing actual sales revenue.
Matching Concept
An accounting principle that dictates expenses should be matched with the revenues they help to generate within the same accounting period.
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