Examlex
Match each term with the correct statement below.
-Two possible courses of action
Sales Considered
Refers to the total revenue or the amount of sales transactions recognized by a company within a certain period.
Uncollectible Accounts
Receivables that are deemed uncollectible and are written off as a loss due to the inability to collect the funds.
Allowance Account
An account used to offset the gross accounts receivable by the amount estimated to be uncollectible.
Accounts Receivable
Unsettled payments from customers to a business for goods delivered or services carried out.
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