Examlex
In a statement of cash flows,the term "cash" includes both cash and cash equivalents.
Allowance Account
An account used to record reductions in the book value of accounts receivable due to potential future defaults on payments.
Doubtful Accounts
Doubtful accounts represent receivables that a company is uncertain to collect, typically categorized separately to reflect potential losses.
Cash Discount
A reduction in the invoice amount by the seller if the buyer pays their bill within a specified time frame, incentivizing prompt payment.
Retail Customers
Individuals who purchase goods and services for personal use from retailers, as opposed to wholesale customers.
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