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Which of the following was strongly discouraged by Ming Confucianism?
Aging of Receivable Method
An accounting technique used to estimate uncollectible debts by analyzing the age of accounts receivable.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's accounts receivable that may ultimately not be collectible.
Bad Debts Expense
Bad debts expense represents the amount of receivables a company estimates it will not be able to collect from customers over a period.
Aging of Receivable Method
An accounting technique used to estimate bad debts by analyzing accounts receivable based on the length of time they have been outstanding.
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