Examlex
What does the AIDA concept stand for?
360-Day Year
An accounting simplification that assumes there are 360 days in a year to facilitate easier interest calculations.
Direct Write-Off Method
An accounting practice where bad debts are written off against income at the time they are determined to be uncollectible, instead of being provided for in advance.
Account Receivable
Funds that customers owe a company for products or services provided on credit.
Dishonored Note
A promissory note that has not been paid by the maker at the maturity date.
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