Examlex
Paget's disease is:
Uncollectible Accounts
Receivables that are recognized as losses after all attempts to collect the money owed have failed, indicating debts unlikely to be recovered.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables amount to reflect what is expected to be collectible.
Bad Debts Expense
An expense account reflecting the cost of accounts receivable that a company does not expect to collect.
Uncollectible Accounts
Refers to receivables that are deemed unlikely to be collected, indicating potential losses for a company.
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