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Uncollectible Accounts
Accounts receivable that a business has been unable to collect and deems as unlikely to be paid.
Aging of Receivables Method
An accounting technique used to estimate the amount of receivables that may not be collectible, based on the length of time they have been outstanding.
Percent of Sales Method
A financial forecasting model that estimates certain balance sheet and income statement accounts as a percentage of projected sales.
Bad Debt Expense
The amount of receivables that a company estimates it will not collect.
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