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Locke believes that we have nothing in our minds that did not come from
Allowance Account
A contra account related to accounts receivable that estimates the amount of receivables which may not be collected.
Allowance for Doubtful Accounts
This accounting practice represents a reserve for accounts receivable that may not be collectible, reflecting potential future losses due to credit sales.
Debit Balance
A debit balance is the remaining amount of money in an account, typically a bank account or a business's financial account, after all debits have been accounted for.
Credit Balance
A situation in financial accounts where the amount of credits exceeds the amount of debits, indicating an amount owed to the account holder.
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