Examlex
Within the context of preparing formal reports and proposals,the term limitations refers to
Bad Debts
Accounts receivable that a company determines it will not be able to collect.
Unadjusted Trial Balance
A financial report showing all accounts and their balances before adjustments, serving as a check on the correctness of the sums of debit and credit balances.
Aging of Accounts Receivable
A document or method that organizes a business's accounts receivable based on the duration an invoice has remained unpaid.
Bad Debts Expense
An expense reported on the income statement, representing the non-collectable accounts receivable from extending credit to customers.
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