Examlex
Determine whether or not the function
is one-to-one.
Percent of Receivables Method
This is an accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of total receivables.
Bad Debt Expense
Bad debt expense is an estimated expense that a company records to cover receivables that are unlikely to be collected, acknowledging these credits as losses.
Accounts Receivable Turnover Ratio
A financial metric that measures how efficiently a company collects revenue from its customers by comparing net credit sales to average accounts receivable.
Financial Condition
A description of an entity's financial status, including assets, liabilities, and equity at a specific point in time.
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