Examlex
Another name for a static budget is a flexible budget.
Allowance Method
An accounting technique used to estimate uncollectible accounts receivable and adjusting the books accordingly.
Bad Debts
Accounts receivable that are considered uncollectible, leading to a financial loss for the company.
Specific Customers
This refers to identified individual or business customers with unique needs or characteristics that a company targets or serves.
Direct Write-off Method
An accounting method where uncollectible debts are written off as an expense only when they are confirmed to be uncollectible.
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