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Bad Debt Expense
Represents the expense associated with accounts receivable that a company does not expect to collect.
Service Charge Expense
Costs charged to customers for services provided, including fees for maintenance, support, or other service-related activities.
Accounts Receivable
Money owed to a business by its clients for goods or services provided on credit.
Visa and MasterCard
Global payment systems that facilitate transactions between merchants and card issuers to process credit and debit card payments.
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