Examlex
Which of the following is NOT a feature of nominal group technique?
Bad Debt Expense
An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.
Open Account
A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.
Interest-Bearing Note
A debt instrument in which the borrower promises to pay the lender a fixed amount of interest in addition to repaying the principal.
60-Day Note
Definition: A financial instrument, or promissory note, that requires the borrower to pay back the principal balance along with any interest in 60 days.
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