Examlex
Rewrite the following phrase using positive words rather than negative ones:
You made a mistake on this bill.
Allowance Method
An accounting technique used to account for bad debts by estimating uncollectable accounts at the end of each period.
Bad Debts Expense
An expense reported on the income statement, representing the amount of accounts receivable that is not expected to be collected.
Accounts Receivable Turnover
A measure of how efficiently a company collects cash from credit sales, calculated as sales divided by the average accounts receivable.
Net Sales
The revenue generated from the sale of goods and services, after deducting returns, allowances for damaged goods, and discounts.
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