Examlex
The difference between the value that an activity generates and the cost of the activity is called the ________.
Allowance Method
An accounting technique used to estimate and deduct bad debts from accounts receivable based on anticipated losses.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.
Written Off
Refers to the accounting action of declaring that a portion of a debt or asset value is considered uncollectable or worthless.
Uncollectibles
Accounts receivable that are recognized as not being collectible, representing losses to the company.
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