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In the future, what radio frequency device may replace the UPC code used on most merchandise sold today; this device will uniquely identify each piece of merchandise?
Accounts Receivable
Unpaid customer debts to a company for goods or services that have been supplied.
Bad Debts Expense
An expense reported on the income statement reflecting the cost of estimated uncollectible accounts receivable.
Net Credit Sales
Sales made on credit minus any sales returns or allowances, reflecting the actual credit sales revenue.
Uncollectible Accounts
Debts owed to a company that are considered to be uncollectable and are therefore written off as a bad debt expense.
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