Examlex
The texts suggests that the decline of political machines was in part related to
Accounts Receivable
Money owed to a company by its clients or customers for goods or services delivered but not yet paid for.
Allowance for Doubtful Accounts
A contra-asset account that represents the amount of accounts receivable that a company does not expect to collect.
Uncollectible Receivables
Amounts due from customers that are considered unattainable and likely to never be collected.
Adjusting Entry
An adjusting entry is a journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period, ensuring the accounts comply with the accrual basis of accounting.
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