Examlex
A department head uses his political skills to reduce the list of candidates to be considered for a position in the department to include a discussion of only those applicants who are personally acceptable to this manager.This is an example of:
Note
A written agreement acknowledging a debt and promising repayment.
Direct Write-off
A method of accounting for bad debts where uncollectible accounts receivable are written off directly against income at the time they are deemed nonrecoverable.
Allowance Methods
Accounting techniques used to anticipate and account for future loan losses by establishing an allowance for doubtful accounts.
Bad Debt
Money owed to a company that is unlikely to be paid by the debtor, often leading to the creditor writing it off as a loss.
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