Examlex
What kind of action does a covering letter, or letter of application, attempt to achieve? Identify the purpose of each of the main parts of a letter of application. Why must the covering letter be a persuasive letter?
Expense
An outflow of money to another person or company to pay for an item or service, or for a cost required to operate a business.
Allowance for Doubtful Accounts
A contra-asset account that estimates the portion of accounts receivable which may not be collectible.
Adjusted
Changed or modified to reflect a more accurate valuation or account of a particular item or financial record.
Accounting Period
The span of time at the end of which a company or organization reports its financial performance and position; typically monthly, quarterly, or annually.
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