Examlex
What are the different approaches that companies can adopt to implement an environmental management system?
Allowance Account
An account used to offset the total amount of accounts receivable due to the likelihood that some accounts will not be collected.
Bad Debts Expense
An expense account that represents the cost of credit sales that are considered to be uncollectible, reducing net income on the income statement.
POSSLQs
An acronym standing for "Persons of Opposite Sex Sharing Living Quarters," used to describe cohabitating couples who are not married.
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