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Regarding the Software Failure: Mid-air collisions were avoided in the 2004 LA Air Traffic Control incident due to the on-board collision avoidance systems now found on commercial jets.
Contra Account
An account used in the ledger to offset a related or a parent account, often showing the amount of reductions or adjustments to the main account.
Sales Account
An account in the general ledger that records the sales of goods or services.
Uncollectible Accounts
Accounts receivable that a business does not expect to collect due to customers being unable or unwilling to pay.
Estimated
An approximation or informed guess of a value, amount, or size based on available data or trends but not derived from exact calculations.
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