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Notes Receivable
Written promises for amounts to be received by a business, typically including interest, from individuals or other entities.
Bad Debt Expense
An expense reported on the income statement due to receivables that are not expected to be collected.
Recording Methods
Various approaches or systems used to document financial transactions in accounting books or software.
General Ledger
The primary ledger, when used in conjunction with subsidiary ledgers, that contains all of the balance sheet and income statement accounts.
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