Examlex
The aspect of color that corresponds to names such as red, green, and blue is
Allowance Method
An accounting technique used to manage accounts receivable and bad debts by estimating uncollectible accounts.
GAAP
Generally Accepted Accounting Principles, a set of accounting standards and practices used in the United States to ensure the accuracy and consistency of financial reporting.
Bad Debt Expense
A charge to the income statement that represents the amount of non-collectable accounts receivable that occurs in a given period.
Open Invoice
An invoice that has been issued by a seller to a buyer, but has not yet been paid.
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