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One of the rules used for verifying and validating the structural model is to check that the responsibilities listed on the front of the CRC card must be included as attributes in a class on a class diagram, and vice versa.
Sale of Receivables
The process of selling outstanding invoices to a third party in order to receive immediate payment.
Allowance for Doubtful Accounts
An accounting estimate for the portion of accounts receivable that may not be collectible.
Bad Debt Expense
An expense account reflecting estimated uncollectible accounts receivable due to credit sales that are unlikely to be recovered.
Accounts Receivable
Funds owed to a business by its customers for goods or services delivered or used but not yet paid for.
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