Examlex
The percentage of work time lost due to strikes in the United States has been increasing over time.
Net Credit Sales
The total value of sales made on credit minus any returns or allowances, indicating the actual revenue generated from credit transactions.
Allowance Method
An accounting technique used to adjust accounts receivable for debts that are expected not to be collected.
Uncollectible Receivables
Accounts receivable that are considered irrecoverable and unlikely to be collected, leading to their removal from the accounts.
Allowance for Doubtful Accounts
An estimate of the amount of credit sales that are expected not to be collected.
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