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Persistent people tend to see obstacles as reasons to fail.
Credit Card
A financial tool allowing users to borrow funds for purchases, which must be repaid, often with interest.
Journal Entry
A record of financial transactions in the accounting books, indicating the accounts and amounts debited and credited.
Allowance for Doubtful Accounts
An estimation of the amount of credit sales that are expected to turn into bad debts.
Bad Debts Expense
The cost associated with accounts receivable that a company is unable to collect, considered an expense on the income statement.
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