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Net Realizable Value
The estimated selling price of goods, minus the costs of their completion and the costs necessary to make the sale.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services rendered on credit.
Allowance for Doubtful Accounts
An estimation of the amount of accounts receivable that is not expected to be collected.
Subsidiary Ledger
A ledger that contains accounts of a single type. Example: The accounts receivable subsidiary ledger records all credit customers.
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