Examlex
Which of the determinants of service quality involves performing the service right the first time?
Allowance Method
The allowance method is an accounting technique that enables companies to anticipate and adjust for expected bad debts or credit losses in their financial statements.
Direct Write-off Method
Accounting practice where uncollected receivables are directly written off against income when deemed uncollectible, without using an allowance account.
Bad Debt Expense
A financial accounting concept representing the amount of uncollectible accounts receivable that a company expects to write off as a loss.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that may not be collectible, reflecting potential losses.
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