Examlex
When a new experience triggers the retrieval of a past experience without yielding any of the details, this new experience seems familiar even though the older memory is too weak to rise to the level of awareness. This experience is known as
Allowance for Uncollectible Accounts
A contra-asset account used to estimate the portion of accounts receivable that may not be collected.
Trade Accounts
Accounts used to record transactions carried out on credit between businesses, typically involving the sale of goods and services.
Aging of Accounts Receivable
An accounting process that categorizes accounts receivable according to the length of time an invoice has been outstanding to manage and collect debts effectively.
Allowance for Uncollectible Accounts
A reserve set aside in the accounting books for debts that are expected not to be collected, reflecting realistic income figures.
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