Examlex
Decide whether the given functions are inverses.
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Net Credit Sales
The total revenue from sales made on credit, minus any returns or allowances.
Allowance for Doubtful Accounts
A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.
Uncollectible
denotes accounts receivable that cannot be collected and are therefore written off as a loss by a business.
Adjustment
An entry in bookkeeping that corrects or allocates income and expenditure to the appropriate accounting periods.
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