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Retirement is a recent phenomenon.
Uncollectible Account
An uncollectible account is a receivable that a company is unable to collect, considered as bad debt or a write-off.
Net Amount
The remaining value after all deductions are made, such as for taxes or discounts.
Receivables
Funds that customers or clients owe to a business for products or services delivered on credit.
Estimated Bad Debts
The portion of accounts receivable that a company does not expect to collect.
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