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Maggie reads through a manual about employer practices and law. She looks up in the middle of her reading and says, "Hey, I just learned something new. This book states that an employer is not prohibited from discriminating on the basis of a job candidate's
Allowance for Doubtful Accounts
A financial accounting provision estimating the portion of accounts receivable that may not be collectible.
Uncollectible
Refers to accounts receivable that are unlikely to be recovered and are therefore considered as bad debt.
Allowance Method
An accounting technique used to account for potential uncollectible receivables by estimating and recording bad debts expense ahead of specific account identifications.
Uncollectible Receivables
Receivables from sales or loans that are not expected to be collected, often written off as bad debts.
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