Examlex
If an employee disputes policies on the grounds that they violate state and federal laws, he or she can go outside the organization for help to file a lawsuit.
Uncollectible Accounts
Accounts receivable that a business is unable to collect, often written off as a bad debt expense.
Accounting Equation
A fundamental financial equation representing the relationship between assets, liabilities, and equity (Assets = Liabilities + Equity).
Allowance Method
A method of accounting for bad debts that involves estimating uncollectible accounts at the end of each period.
Reinstated Account
Refers to an account that has been reactivated after being suspended or closed, typically after addressing issues that led to its suspension or fulfilling necessary requirements.
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