Examlex
Match each term with the correct statement below.
-A package containing the Arrays class
Aging of Receivable Method
An accounting technique used to estimate bad debts by analyzing accounts receivable based on the length of time they have been outstanding.
Allowance for Doubtful Accounts
A contra-asset account that represents the amount of receivables a company does not expect to actually collect.
Bad Debts Expense
An expense account reflecting the cost of accounts receivable that a company does not expect to collect due to customer defaults.
Allowance Method
An accounting technique used to account for bad debts by estimating and recording uncollectible accounts receivable.
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