Examlex
Addiction is an example of
Allowance Method
An accounting technique used to estimate uncollectible accounts receivable, acknowledging potential losses on credit sales.
Carrying Amount
The book value of assets and liabilities as reported on the balance sheet, after deducting any accumulated depreciation or amortization.
Accounts Receivable
Receivables from clients for goods delivered or services performed by a company, awaiting payment.
Allowance Method
An accounting technique used to estimate and deduct bad debts from accounts receivable.
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