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Uncollectible Accounts
Accounts receivable that are recognized as not being collectible, leading to a write-off as a bad debt expense.
Bad Debts Expense
Bad debts expense is an estimate of the accounts receivable that a company does not expect to collect, treated as an expense on the income statement.
Payment on Account
A payment made towards an outstanding account balance, before the final settlement of the account.
Notes Receivable
Written promises for amounts to be received by a business, typically with interest, from other parties or customers.
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