Examlex
Nominal dollars refer to the amount of purchasing power.
Account
A record in financial accounting that tracks the financial transactions of a specific asset, liability, equity, revenue, or expense.
Aging
A method used in accounting to categorize the amounts owed by customers based on the length of time an invoice has been outstanding.
Allowance for Doubtful Accounts
A contra-asset account that reduces accounts receivable to reflect the estimated amounts that are expected to be uncollectible.
Uncollectible Percentage
An estimated fraction of accounts receivable that a company does not expect to collect.
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