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Static data members of a certain class:
Allowance Method
An accounting technique used to estimate and account for a firm's potentially uncollectible accounts receivable.
Allowance for Doubtful Accounts
An estimation of the amount of accounts receivable that may not be collectible.
Uncollectible Receivables
Accounts receivable that a company does not expect to collect and writes off as a bad debt expense.
Allowance for Doubtful Accounts
An estimation of the amount of credit sales that may not be collected, which is considered a contra asset account.
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