Examlex
One of the potential benefits of self-directed teams is higher productivity and greater worker satisfaction.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Bad Debts
Accounts receivable that a company does not expect to collect and therefore writes off as a loss.
Allowance for Doubtful Accounts
A contra-asset account that estimates the portion of accounts receivable which may never be collected.
Collections
The process of pursuing payments of debts owed by individuals or businesses, typically involving accounts receivable teams or collection agencies.
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