Examlex
What is scarcity,and why is it a fundamental concept in economics?
Subsidiary Ledger
A subsidiary ledger is a detailed ledger that contains account information related to a specific master ledger account.
Allowance Account
An account used in accounting to estimate and offset losses that may arise from receivables that are not likely to be collected.
Dishonored Note
A promissory note that has not been paid by the debtor at the time it is due.
Collection Efforts
Activities undertaken by a business or organization to pursue and recover funds owed by customers or clients.
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