Examlex
Use a double-angle formula or half-angle formula to simplify
Allowance for Doubtful Accounts
A contra-asset account that represents the estimated amount of accounts receivable which may not be collected.
Estimated Realizable Value
The anticipated amount of money that an asset is expected to bring upon sale or disposition, after accounting for costs of sale or disposal.
Accounts Receivable
Accounts receivable are amounts owed to a company by its customers for goods or services delivered on credit but not yet paid for.
Allowance Method
The allowance method is an accounting technique that estimates and accounts for bad debts, recognizing that a certain percentage of accounts receivable may not be collectible.
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