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Which of the following is designed for employees to vote on ideas?
Allowance for Doubtful Accounts
A contra-asset account that reduces the total amount of accounts receivable to reflect the estimated portion that may not be collected.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.
Aging
A method used to categorize accounts receivable based on the length of time an invoice has been outstanding, helping businesses to manage and collect debts effectively.
Adjusting Entry
A journal entry made at the end of an accounting period to record revenues and expenses in the correct period.
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