Examlex
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Direct Write-off Method
An accounting practice where uncollectable debts are written off against income at the time they are deemed non-collectable.
Allowance Method
An accounting technique that estimates uncollectible accounts receivable to record bad debts expense, reflecting more accurate accounts.
Allowance for Doubtful Accounts
A contra-asset account that represents the estimated amount of accounts receivable which may not be collected.
Estimated Realizable Value
The anticipated amount of money that an asset is expected to bring upon sale or disposition, after accounting for costs of sale or disposal.
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