Examlex
Which of the following activities is included in human resources?
Allowance for Doubtful Accounts
A contra-asset account on a company's balance sheet that represents the amount of receivables the company expects may not be collected due to customer defaults.
Contra Asset
An account listed in a company's balance sheet that is used to reduce the balance of a related asset account, showing the amount that effectively reduces the original asset's value.
Maturity
The time at which a financial obligation must be repaid or settled in full.
Notes Receivable
Financial assets representing amounts owed to a company by others, typically from loans or credit extended, evidenced by promissory notes.
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