Examlex
As a manager, Sasha tends to focus primarily on getting results but not what her employees need. She could be considered a(n) __________ manager.
Uncollectible
denotes accounts receivable that cannot be collected and are therefore written off as a loss by a business.
Adjustment
An entry in bookkeeping that corrects or allocates income and expenditure to the appropriate accounting periods.
Income Statement Approach
Refers to a methodology in accounting that emphasizes calculating the profitability of a business by deducting total expenses from total revenues to arrive at the net income, showcasing the company's financial performance over a specific period.
Allowance for Doubtful Accounts
An estimation of the amount of accounts receivable that may not be collected, used to reduce the overall accounts receivable value on the balance sheet.
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