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In Maslow's hierarchy of needs, lower-order needs differ from higher-order needs as higher-order needs:
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collectible.
Allowance for Doubtful Accounts
A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.
Uncollectible Receivables
Amounts due from customers that are considered unlikely to be collected and are written off as a loss.
Bad Debt Expense
The expenses linked to the accounts receivable that a business cannot recover.
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