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Accounts Receivable
Money owed to a company by its customers for products or services that have been delivered but not yet paid for.
Written Off
The process of acknowledging that a debt is uncollectible and removing it from the accounts.
Bad Debts Expense
An estimated expense that represents the amount of receivables that are not expected to be collected.
Prepaid Rent
An asset account representing rent payments made in advance of the rental period.
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