Examlex
Which of these approaches relies on nonpunitive strategies to prevent and control crime?
Direct Write-Off Method
A method of accounting for bad debts whereby companies directly remove (write off) uncollectible amounts from accounts receivable when they are deemed uncollectible.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.
Net Realizable Value
The estimated selling price of an item in the ordinary course of business minus any costs associated with the sale or disposal of the item.
Bad Debt Expense
An estimated expense that represents the amount of receivables that a company does not expect to collect due to customers' inability to pay.
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