Examlex
Given the following distribution, which would be the least useful measure of central tendency? Explain your answer.
Write Off
The accounting action of declaring that an asset is partially or totally worthless, reducing its value to zero in the books.
Contra-Revenue Account
An account that is used to record reductions in gross revenue, such as sales returns, allowances, and discounts.
Allowance Method
An accounting technique used to account for bad debts by estimating uncollectible accounts at the end of each period.
Bad Debt Expense
An expense reported on the income statement, representing the amount of receivables that a company does not expect to collect due to customer default.
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