Examlex
Jason looked up a telephone number on his desktop computer but his cell phone is in another room.The easiest and perhaps MOST effective technique he can use to remember the number until he can get to his phone is:
Bad Debt Percentage
Bad debt percentage is the proportion of receivables that a company expects not to collect, used in estimating the allowance for doubtful accounts.
Allowance
In accounting, an estimate for future adjustments to accounts receivable, reflecting debts that might not be collectible.
Allowances for Doubtful Accounts
Allowances for doubtful accounts is a contra asset account used to estimate the portion of a company's receivables that may ultimately not be collectible.
Bad Debt Expense
Bad debt expense represents the loss that a company incurs when it is unable to collect receivables from customers who are unable to pay their debts.
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