Examlex
_____ words are words used by SQL to perform specific functions.
Allowance for Doubtful Accounts
An allowance for doubtful accounts is a contra-account that reduces the total receivables on the balance sheet by the amount that is estimated to be uncollectible.
Bad Debt Expense
The cost associated with accounts receivable that a company does not expect to collect because customers default on their payments.
Allowance Method
An accounting technique used to estimate and account for potential uncollectible accounts receivable and bad debts.
Uncollectible Receivables
Debts owed to a company that are deemed unrecoverable and are written off as a loss because the debtor is unable to pay.
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