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The most difficult question for the all-German Frankfurt Assembly to resolve was:
Managing Receivables
The process of overseeing and collecting amounts owed to a company by its customers to ensure timely payments and maintain healthy cash flows.
Extended Credit
An arrangement allowing customers to purchase goods or services on account and pay for them at a later date, beyond the standard billing period.
Uncollectible Notes
Loans or promissory notes that have been deemed uncollectible by the creditor due to the borrower's inability to pay.
Bad Debts Expense
Bad debts expense represents the estimated amount of accounts receivable that a company does not expect to collect due to customers' inability to fulfill payment obligations.
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