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How did the lunar maria form?
Contra Asset
An account on a company's balance sheet representing reductions of asset accounts, such as accumulated depreciation on equipment.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects revenue from its credit customers, calculated by dividing net credit sales by the average accounts receivable.
Allowance Method
An accounting technique used to estimate and account for doubtful debts, providing a more accurate representation of financial health.
Bad Debts Expense
Bad debts expense represents the portion of receivables that a company estimates it will not be able to collect.
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