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There are several disadvantages to the payback method, among them:
Allowance for Doubtful Accounts
A contra-asset account designed to anticipate the amount of accounts receivable that might be uncollectible.
Bad Debt Expense
An accounting expense recognized when a company can no longer recover a debt that it has issued.
Bad Debt Expense
Represents the amount of receivables a company estimates it will not collect.
Allowance Method
An accounting technique used to estimate and record bad debts expense by anticipating uncollectible accounts.
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