Examlex
A cause of action typically surfaces from either a specific act, failing to perform a legal obligation, a violation of duty, or a violation/invasion of a right is an example of:
Sales Account
An account in the general ledger that records the sales of goods or services.
Uncollectible Accounts
Accounts receivable that a business does not expect to collect due to customers being unable or unwilling to pay.
Estimated
An approximation or informed guess of a value, amount, or size based on available data or trends but not derived from exact calculations.
Carrying Amount
The net value of an asset or liability recorded on the balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.
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