Examlex
What is the purpose of a process description essay?
Days' Sales in Receivables
A financial ratio that measures the average number of days that receivables remain outstanding before being collected.
Allowance for Doubtful Accounts
Allowance for doubtful accounts is a financial accounting provision made for receivables that may not be collectible, estimating the portion of outstanding receivables likely to be uncollectable.
Credit Balance
A situation where the amount of credits in an account exceeds the debits, often seen as a positive balance in financial and bank accounts.
Outstanding Receivables
The amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
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