Examlex
Which of the following medical terms means inflammation of the thyroid?
Adjustment
Entries made in preparing financial statements to allocate expenses or revenues to the appropriate accounting period.
Aging Report
A financial report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.
Allowance for Doubtful Accounts
This is a contra-asset account that reduces the total amount of accounts receivable reported on the balance sheet, reflecting the estimate of non-collectible amounts due to credit sales.
Uncollectible Accounts
Accounts receivable that are considered unlikely to be collected and are therefore written off as a loss.
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