Examlex
Diseases of short duration frequently followed by long-term immunity are referred to as
Accounts Receivable
Amounts owed to a business by its customers for goods or services delivered but not yet paid for.
Bankrupt
A legal status of a person or entity that cannot repay the debts it owes to creditors.
Allowance for Doubtful Accounts
A contra-asset account that represents the amount of accounts receivable that is expected to be uncollectible.
Debit Balance
An excess of debits over credits in a ledger account, typically indicating an increase in assets or expenses.
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