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Why is careful drafting of the claims in a patent application so important?
Account Receivable
Account receivable is the money owed to a business by its customers for goods or services delivered but not yet paid for.
Bad Debts Expense
The cost reported by a company due to the unrecoverable credit it extended to its customers, representing expected losses from unpaid financial obligations.
Notes Receivable Account
An account on the balance sheet representing claims for payments from customers or other parties due within a year or more.
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