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Journal Entry
The recordation of a financial transaction in an accounting system, showing the accounts and amounts debited and credited.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.
Adjusting Entry
An accounting entry made at the end of an accounting period to record unrecorded income or expenses for that period.
Bad Debt Expense
The recognition of receivables that are not expected to be collected, reflecting anticipated losses on credit sales.
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