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Definitions:

Write-Off

The accounting action of declaring that an asset, typically accounts receivable, is uncollectible and removing its value from the books.

Estimated Bad Debts

A provision for accounts receivable that are not expected to be collected.

Net Income

The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues, indicating the company's profitability.

Liabilities

Financial obligations or debts that a company owes to others, due to past transactions or events.

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