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Contra-Asset Account
A contra-asset account is an account used in the financial accounting to offset against an asset account on the balance sheet.
Accounts Receivable
This refers to the money owed to a company by its customers for goods or services delivered or used but not yet paid for.
Allowance for Doubtful Accounts
The allowance for doubtful accounts is a contra-asset account that estimates the amount of receivables that may not be collectible.
Future Transaction Value
The predicted or estimated financial value of a transaction that will occur at a later date, often used in forecasting and budgeting.
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