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Aging Receivables
A method of categorizing accounts receivable based on how long they have been outstanding to assess and manage credit risk.
Bad Debt Expense
Represents the portion of receivables that a company estimates it will not be able to collect.
Allowance for Doubtful Accounts
A contra account that estimates the portion of accounts receivable which may not be collectible.
Uncollectible Accounts
Refers to debts owed to a company that it does not expect to be paid due to various reasons such as bankruptcy of the debtor.
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