Examlex
The theory of vital responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.
Uncollectible
Refers to debts or receivables that are deemed not recoverable and are therefore written off as a loss.
Fiscal Year
The annual accounting period adopted by a business.
Other Receivable
Financial claims against other parties excluding customers, typically representing short-term non-trade receivables such as refunds, deposits, or advances.
Notes Receivable
Financial assets representing the right to receive payments from a debtor pursuant to a written promise or agreement.
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