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Allowance Method
An accounting technique used to estimate and account for doubtful debts, recognizing potential losses from accounts receivable that may not be collected.
Uncollectible Accounts
Accounts receivable that a company does not expect to collect and writes off as an expense.
Sales
The total amount of goods or services sold by a company during a specific period.
Maturity Date
The specified date on a financial instrument when the principal amount is due to be paid back or when an investment reaches its full value.
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