Examlex
Simplify the following expression:
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's receivables that may not be collectible.
Factoring Proceeds
The cash received by a company from selling its accounts receivable to a third party, often at a discount, to immediately improve cash flow.
Noncollections
Amounts due to a company for goods or services provided that have not been collected.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally.
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