Examlex
Which of the following can NOT serve as a respiratory pigment?
Allowance for Doubtful Accounts
Allowance for doubtful accounts is an accounting provision that estimates the amount of receivables that may not be collectible due to customer defaults.
Contra-Revenue
An account on a company's income statement that deducts from gross revenue to arrive at net revenue, including returns, allowances, and discounts.
Bad Debts Expense
This represents the cost associated with accounts receivable that a company deems uncollectible and writes off as a loss.
Cost of Goods Sold
The direct costs attributable to the production of goods sold by a company, including material and labor costs.
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