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What is the importance of gatekeepers?
Bad Debts Expense
An expense account reflecting amounts that are not expected to be collected from customers or clients previously extended credit.
Estimated Entry
An accounting entry made to record expected but not yet realized financial transactions or adjustments.
Net Realizable Value
The estimated selling price in the ordinary course of business, minus any costs reasonably expected to be incurred in completion, transportation, and selling.
Gross Accounts Receivable
The total amount owed to a business by its customers before adjusting for any allowances for doubtful accounts.
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