Examlex
During the course of successful prenatal development,a human organism begins as a(n)
Percent of Receivables Method
An accounting method used to estimate the amount of accounts receivable that will not be collected by calculating a percentage of receivables deemed uncollectible.
Uncollectible Accounts Receivable
Accounts from customers that are considered unrecoverable, leading to a write-off as a bad debt expense.
Allowance
A reduction from the gross amount of an asset or liability, created to account for potential future adjustments such as doubtful debts or returns.
Processing Fee
A charge assessed for processing a transaction, application, or request, common in financial services.
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