Employment Laws Exist in Order to Provide ________ Treatment of Employees

question 2

Short Answer

Employment laws exist in order to provide ________ treatment of employees in the work place by requiring employers to focus on the employee's ________ rather than characteristics such as age, gender or race.

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Definitions:

Allowance Method

An accounting technique used to estimate and account for potential uncollectable debts or credit sales.

Uncollectible Receivables

Debts owed to a company that are considered unlikely to be paid by the debtor, often written off as bad debts.

Bad Debts Expense

Bad debts expense is the cost to a business of accounts receivable that are not collected because customers are unable to pay.

Allowance for Doubtful Accounts

An accounting provision made for accounts receivable that may not be collectible.