Examlex
The generalization process is often referred to as:
Uncollectible Accounts
Accounts receivable that are considered unlikely to be collected and therefore written off as an expense to the business.
Allowance Method
An accounting technique used to estimate uncollectible accounts receivable and adjusting the books accordingly.
Bad Debts
Accounts receivable that are considered uncollectible, leading to a financial loss for the company.
Specific Customers
This refers to identified individual or business customers with unique needs or characteristics that a company targets or serves.
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