Examlex
The Department of Labor estimates that by the year 2008, women and minorities will make up 70 percent of new entrants to the workforce.
Accounts Receivable
Monies owed to a company by customers for products or services that have been delivered or used but not yet paid for.
Aging the Accounts
The process of categorizing and reviewing accounts receivable based on the length of time an invoice has been outstanding.
Adjusting Entry
A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.
Bad Debt Expense
An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.
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