Examlex
Intelligence consisting of seven different primary mental abilities was proposed by
Contra Asset
An account on a company's balance sheet that reduces the total amount of the asset accounts, often used to account for depreciation or allowances for bad debts.
Uncollectible Receivables
Financial claims that are recognised as losses because they cannot be collected, typically due to debtor default.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collected.
Receivable
An amount due to be received by a company for goods or services provided on credit; an asset on the balance sheet.
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