Examlex
Supply and demand for labor,but not supply and demand for products and services affect internal structures.
Bad Debts Expense
An expense recognized when it is probable that receivables will not be collected and is considered a cost of doing business on credit.
Allowance for Doubtful Accounts
A contra asset account that represents estimated uncollectible amounts from customers, reducing the gross receivables to their net realizable value.
Bad Debts Expense
The cost recognized when a company determines that a customer's loan or receivable account is uncollectible.
Allowance Method
An accounting technique used to estimate and adjust accounts receivable for amounts that are unlikely to be collected.
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