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Merchandise
Goods that are bought and sold in business.
Sales Transaction
An exchange in which goods, services, or assets are sold and transferred from a seller to a buyer.
Percent of Receivables Method
An accounting method used to estimate the amount of a company's receivables that will not be collected.
Bad Debts Expense
The portion of accounts receivable that a company does not expect to collect, recognized as an expense in financial accounting.
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