Examlex
Which matching of imperial power and colony is NOT correct?
Accounts Receivable
The sum customers owe a corporation for goods or services delivered but not yet compensated.
Credit Balance
A situation in an account where the sum of credits exceeds the sum of debits.
Contra-Asset
An asset account where its balance is a negative figure, offsetting the balance of a related asset account.
Allowance for Doubtful Accounts
Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.
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