Examlex
Identification
-Scipio
Allowance for Doubtful Accounts
An estimate of the amount of accounts receivable that may not be collectible, recorded as a contra asset account.
Uncollectible Accounts
Accounts receivable that are considered to be uncollectable from debtors, leading to them being written off as a bad debt expense.
Net Credit Sales
Sales made on credit minus any returns or allowances, indicating the actual credit sales revenue generated during a period.
Balance Sheet Approach
A method in financial analysis that focuses on the balance sheet and its components: assets, liabilities, and equity.