Examlex
Plasmids can be our enemy in the medical arena, but our friend in the research arena. Explain why this is so.
Writing Off
The process of acknowledging that a portion of a debt or an asset has become uncollectible or worthless and removing it from the financial statements.
Income Statement
A summary of the revenue and expenses for a specific period of time, such as a month or a year.
Contra Asset
An account on a company's balance sheet that reduces the total amount of the asset accounts, often used to account for depreciation or allowances for bad debts.
Uncollectible Receivables
Financial claims that are recognised as losses because they cannot be collected, typically due to debtor default.
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