Examlex
Fluid balance is one aspect of which of the following?
Allowance for Doubtful Accounts
A contra-asset account that reduces the total accounts receivable on the balance sheet to reflect the amount that is expected to go uncollected.
Credit Sales
Sales in which the customer is allowed to pay at a later date, typically used to increase business by offering clients flexible payment terms.
Unadjusted Balance
The initial balance of an account before any adjustments for interest, payments, or discrepancies have been made.
Accounts Receivable Assigned
Refers to the process where a company uses its accounts receivable as collateral for a loan, effectively assigning the rights to collect those receivables to the lender.
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