Examlex
The debt to assets ratio is calculated as total assets divided by total liabilities.
Bank Reconciliation
The method of aligning and scrutinizing the numbers in financial records with the ones shown on a bank statement.
Aging of Accounts Receivable
A method used to categorize accounts receivable based on the length of time an invoice has been outstanding, helping to determine credit and collection policies.
Allowance for Doubtful Accounts
A contra asset account used to estimate the portion of a company's accounts receivable that may not be collected.
Bad Debt Expense
A projected expense reported by companies accounting for receivables that are expected to remain uncollected.
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