Examlex
Advertising explains that the drug Plavix works by preventing plaque buildup in arteries that can cause heart attack and stroke. This is an example of
Quality of Receivables
An assessment of the likelihood that the receivables will be collected on time, reflecting the creditworthiness of a company's customers.
Likelihood of Collection
The probability that debts owed to a company will be paid by its debtors.
Materiality Constraint
An accounting principle that states financial information is material if its omission could influence decisions.
Direct Write-Off Method
An accounting method where uncollectable debts are written off to the expense account directly when they are deemed uncollectable.
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