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When using the stepping-stone method, the closed path sometimes has the shape of a triangle as diagonal moves are permitted.
Uncollectible Account
A receivable that a company has given up on collecting due to the debtor's inability to pay, also known as a bad debt.
Credit Balance
A situation in a financial account where the amount of money deposited exceeds the money withdrawn, or in accounting, when credits exceed debits in an account.
Credit Sales
Transactions in which goods or services are provided to a customer with an agreement to pay later.
Bad Debt Expense
An expense account reflecting the cost of accounts receivable that a company does not expect to collect and has written off.
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